Value Plastics Inc., now under new ownership, continues to innovate in disposable fluid connectors, particularly for medical applications.
In December, the Fort Collins, Colo., firm introduced its BPF series of bayonet-style, female quick-connect fittings. The components ``address a need for easier-to-use connections for blood pressure monitoring,'' Jim Pisula, vice president of marketing, said in an interview.
In mid-2005, the processor began selling its 600 series large-size, tube-to-tube fittings as a refinement of earlier products for the biopharmaceutical industry.
In November, American Capital Strategies Ltd. of Bethesda, Md., acquired Value Plastics from a family-owned corporation. Terms were not disclosed.
American Capital is interested in growth, Pisula said, and intends to broaden Value's product line and geographic range. Currently, about 75 percent of the firm's work involves medical applications, and the remainder is in industrial jobs, often involving fluid components.
For Value Plastics, ``the market outside the U.S. is growing faster than in the U.S.,'' Pisula said.
The company occupies 40,000 square feet and relies on all-electric injection molding presses. Pisula withheld details about sales volumes and number of employees and presses.
Entrepreneur Kent Sampson founded the business in 1968 and, in the 1980s, directed the company toward high-precision, medical-quality molding.
American Capital purchased the business from Mike and Vicki Rainsberger. She is the daughter of Kent and Gloria Sampson, Value Plastics' owners through 1998.
Value Plastics constitutes American Capital's 17th investment in the health-care market.