MARLBOROUGH, MASS. (Nov. 1, 5:45 p.m. ET) — Vention Medical — the former MedTech Group Inc. business — announced Nov. 1 that it has signed a deal to buy Atek Medical Group.
Terms were not closed. Marlborough-based Vention expects to close the purchase of Minneapolis-based Atek within the next month. The deal includes Atek Medical Group's Atek Medical and Atek Plastics units.
Both Vention and Atek specialize in manufacturing and assembling plastic medical devices.
MedTech became Vention Medical earlier this year. The company's CEO, Dan Croteau, is a former president of Flextronics International Ltd.'s FlexMedical unit.
Vention Medical's capabilities include injection molding and manufacturing of balloons, shrink tubing and extrusion.
Atek specializes in injection molding. The company last week announced that it had opened a second site for its packaging operations in
Atek also has facilities in
Atek's major shareholder, Christy Orris, and Kay Phillips, president of Atek Cos., will become shareholders of Vention Medical.