MedTech Group Inc. has finalized another merger that will beef up its ability to make complex medical devices.
The South Plainfield-based medical-device contract manufacturer has merged with Advanced Polymers Inc., a Salem, N.H., company that uses proprietary technology to make heat-shrink tubing and balloons used in angioplasty operations.
Advanced Polymer's patent portfolio and proprietary technology will help MedTech in the market for catheter-based devices, the company said in a July 14 news release.
This deal follows MedTech's December 2008 acquisition of design and development firm TDC Medical Inc. — which both MedTech and Advanced Polymers cited as being a factor in their merger.
Mark and Elisia Saab, who co-founded Advanced Polymers, will be “significant shareholders” in the combined company, and Mark Saab will continue to serve as president of Advanced Polymers, in addition to serving on the MedTech board of directors.
MedTech has plants in South Plainfield; West Haven, Conn.; Vega Baja, Puerto Rico; and Heredia, Costa Rica; plus design and development facilities in Marlborough, Mass.; Sunnyvale, Calif.; and Boulder, Colo.; and a supply-chain office in Singapore.
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