Image By: JunoPacific Inc. Adding S. Wickstrom Manufacturing Inc.'s mold making will add to JunoPacific's ability to get new products to market faster, company officials said.
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Topics Mergers & Acquisitions, United States, Medical, Injection Molding, Injection molds
Cretex Cos. Inc. has purchased the assets of medical injection molder and mold maker S. Wickstrom Manufacturing Inc. in Redwood City, Calif., beefing up its short-run production base and adding capabilities in quick turnaround tooling production in-house.
Wickstrom will become part of Cretex-owned JunoPacific Inc., a medical molder Cretex owns in Anoka, Minn. Cretex, a diversified manufacturing company, is based in Elk River.
The privately held Cretex did not disclose terms of the deal.
Wickstrom, which specializes in aluminum tooling, also is a short-run molder of parts for the medical device and surgical instrument markets.
JunoPacific president Kern Bhugra said Wickstrom works closely with customers to mold “high quality production-grade parts in a fraction of the time and cost of conventional molding companies.
“Adding Wickstrom’s capabilities will enhance JunoPacific’s ability to help our customers bring their products to market quickly and inexpensively.”
Scott Wickstrom will remain with the company, Bhugra said.
Three years ago, Cretex bought Pacific Plastics & Engineering, an injection molder and contract manufacturer in Soquel, Calif., that supplies medical and other markets.
Overall, Cretex employs about 2,000 people in 36 locations in the United States.