Vention Medical buys catheter maker Fast Forward Medical

By Jeremy Carroll
Assistant Managing Editor

Published: October 31, 2013 5:16 pm ET
Updated: October 31, 2013 7:52 pm ET

Related to this story

Topics Medical Mergers & Acquisitions Injection Molding Extrusion
Companies & Associations

Vention Medical has scooped up Fast Forward Medical, a Plymouth, Minn., manufacturer of catheters used in minimally invasive medical procedures.

Terms of the deal were not disclosed.

Vention, based in South Plainfield, N.J., said the acquisition would further its line of products, which includes medical balloons, catheters, multi-layer extrusions, heat shrink tubing, polyimide and micro-tubing for a variety of catheter assemblies and minimally invasive medical devices.

Vention CEO Dan Croteau called the Minneapolis area “a strategic region.”

“We are excited to partner with this talented team of experienced industry experts as they continue to lead the Fast Forward business and enhance our advanced components offering,” Croteau said in a news release.

Brady Hatcher, co-founder and principal at Fast Forward Medical, said Vention’s advanced polymer balloon technologies and global footprint, fit with his company’s strategy of providing customers from services ranging from design to manufacturing.

Vention expanded in 2011 with the purchase of Atek Medical Group of Grand Rapids, Mich, a medical contract manufacturer with plants in the United States and Costa Rica. In the previous year Vention merged with medical heat-shrink tubing and catheter balloon producer Advanced Polymers Inc. of Salem, N.H. The latter deal launched Vention into the catheter-based market.

Earlier this year Vention acquired RiverTech Medical LLC, which specialized in polyimide tubing, braided polyimide, composite tubing and wire coatings for medical devices.


Comments

Vention Medical buys catheter maker Fast Forward Medical

By Jeremy Carroll
Assistant Managing Editor

Published: October 31, 2013 5:16 pm ET
Updated: October 31, 2013 7:52 pm ET

Post Your Comments


Back to story


More stories

Image

TE buys catheter maker AdvancedCath

April 10, 2015 2:45 pm ET

Catheter system design and manufacturing firm AdvancedCath Technologies Inc. has been acquired by TE Connectivity's medical division in a $190...    More

Image

Rubber molder digging up more business with addition of injection molding

April 10, 2015 9:20 am ET

Jefferson Rubber Works Inc. got a taste of the plastics industry in 2014 and sees bigger things on the horizon.    More

Image

From yo-yos to DNA, Canon shows range

April 6, 2015 11:16 am ET

You might wonder what Canon, known primarily for its consumer cameras and copier products, was doing molding red yo-yos at NPE 2015.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events