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

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

Large part molder EnviroTech in 'growth mode,' adds space, equipment

November 26, 2014 9:54 am ET

Salt Lake City-based EnviroTech Molded Products Inc. is adding new equipment and expanding its factory as it gains business in some of its...    More

Image

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013,...    More

Image

Uni Cap to build cap molding plant in Jordan

November 25, 2014 12:57 pm ET

The Persian Gulf's largest molder of caps and closures is investing $10 million in a new factory near Amman, Jordan, as part of an effort to boost its...    More

Market Reports

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

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events