FRANKLIN, WIS. (Nov. 2, 4 p.m. ET) — Silicone-based catheter and tubing manufacturer Vesta Inc. is expanding its silicone capabilities with the acquisition of a Montana-based company that specializes in manufacturing tight-tolerance medical-grade silicone sheeting, and dip cast silicone elastomer components and devices.
“We are extremely excited to add the SiMatrix team to the Vesta family,” said Phil Estes, CEO of Franklin, Wis.-based Vesta, in a Nov. 2 statement announcing the acquisition. “Their commitment to quality and innovation are in close alignment with ours, and our customers will benefit from the added services.”
Vesta said the acquisition of SiMatrix Inc., based in Victor, Mont., will expand its silicone manufacturing capabilities, which currently include medical molding, extrusion and assembly. Terms of the agreement were not disclosed.
It is the second acquisition in the past 30 months for Vesta. In March 2009, Vesta acquired ExtruMed, a manufacturer of precision thermoplastic tubing for diagnostic and therapeutic medical devices.
In the last two years, Vesta also has doubled the size of its manufacturing plant in Franklin to 120,000 square feet and built a state-of-the-art thermoplastic facility in Corona, Calif., for its ExtruMed operations. That plant, which went on line in the second quarter of 2010, replaced nearby facilities in Placentia and Temecula, Calif.
Vesta makes silicone and thermoplastic tubing for the cardiovascular, neurological, as well as other intravenous catheter markets. Its ExtruMed operation provides thermoplastics and silicone solutions for a wide range of tight-tolerance extrusion applications, with special capabilities in heat shrink tubing, PEEK tubing and wound drains.