The following news briefs were compiled by staff reporter Steve Toloken at Medical Design & Manufacturing East, held June 4-6 in New York.
MedTech acquires automation house
Medical molder MedTech Group Inc. has made a significant acquisition outside plastic, buying automation house AutoTek in West Haven, Conn.
Terms were not disclosed. Autotek adds capabilities for automated staple forming, cartridge loading and manufacturing automation to the firm's contract medical-device manufacturing.
AutoTek, which will be renamed MedTech Automation, will continue to operate in West Haven, according to MedTech. Autotek's former owner, Peter Georgelos, will remain as a vice president at MedTech.
MedTech does not disclose sales figures, but said the AutoTek acquistion gives it more than 300 employees.
Hommer expands after business jump
Hommer Tool and Manufacturing Inc. is a somewhat rare mold maker today: The firm is doubling its floor space and saw its business jump 30 percent last year.
The Arlington Heights, Ill., firm is adding 11,000 square feet to its 12,500-square-foot factory to diversify into die casting and to let it make mold components with a proprietary metal powder instead of steel. The new process will reduce cycle time for plastic parts by 25 percent, said Vice President James Hommer Jr.
Hommer said the firm will be adding precision grinding equipment for the powder process, which was developed by Smart Mold International in Traverse City, Mich. Hommer has about $5 million in annual sales and employs about 35.