With some hospitals and medical facilities looking for latex-free and non-PVC products, Saint-Gobain Performance Plastics Corp. has acquired Consolidated Polymer Technologies Inc., a privately owned medical tubing company in Clearwater, Fla.
The Aurora, Ohio-based subsidiary of Paris-based Cie. de Saint-Gobain, a $44 billion company, said it expects the acquisition, announced in December, to be final in January. No purchase price was disclosed.
CPT is known mainly for its line of thermoplastic elastomer medical products, including cardiac-bypass, blood-collection, feeding and dialysis tubes and catheters, as well as tubing used in biopharmaceutical disposable bags, pump applications, and fluid and drug delivery. The products are marketed under the C-Flex brand name.
``C-Flex has a very strong brand image and is a great fit with the Saint-Gobain tubing products,'' said Michael Cahill, general manager of health-care markets at Saint-Gobain Performance Plastics. ``We view this family of products to be very much in the early stages of adoption and believe that Saint-Gobain's global presence will allow us to extend the C-Flex products into new geographic markets.''
Saint-Gobain Performance Plastics President John Crowe said the C-Flex product line complements the Sani-Tech, PharMed and Tygon product lines that Saint-Gobain sells to the biopharmaceutical and medical markets.
The addition of the Clearwater plant, built in 2001, brings the number of Saint-Gobain plants that focus on medical products to eight - five in the United States, two in France and one in Japan. Saint-Gobain said the CPT management team will remain intact.
The deal also adds to the Saint-Gobain product line CPT's new C-Flex product for medical-balloon uses - an alternative to latex for applications such as catheters.
Saint-Gobain injection molds and extrudes medical products from materials including silicone, PVC, polyurethane and TPEs. Among its many products are heart, lung and surgical-pump tubing. Its Tygon S-95-E, which it markets as being free of diethylhexyl phthalate, is a brand of tubing used for kidney dialysis and blood and intravenous solutions.