Injection molder Helix Medical LLC is taking a 50 percent stake in a second Irish medical manufacturer headed by entrepreneur John O'Shaugnessy.
Carpinteria-based Helix announced Aug. 13 that it will acquire half of Cambus Medical, which makes high-precision hypodermic tubes and microcomponents for advanced catheter systems at its plant in Spiddal, Ireland.
Just two years ago, Helix acquired a 50 percent stake in Carrick-on-Shannon, Ireland-based VistaMed Ltd., a maker of specialty catheters and extruded medical tubing with two plants in Ireland. O'Shaugnessy is chairman of VistaMed and Cambus Medical, and sold a previous medical company he founded to Abbott Laboratories in 2001.
Under the agreement, which is expected to be complete by January, Helix will expand the staff of the Cambus plant to 85 from its current 50 by the end of 2013, according to a Helix news release.
The plant performs injection molding, electric discharge and electro-chemical machining, laser precision cutting, laser welding and marking, assembly and packaging.
Helix said the partnership with Cambus will allow Helix to offer a full range of components and services for minimally invasive surgical devices. Hypodermic tubes are a critical component of catheter systems for diagnostic and therapeutic uses.
“Cambus adds another key technology component to our portfolio and represents an important milestone in our long-term strategy to build a comprehensive global organization that serves as a strategic partner to medical-device manufacturers,” said Jorg Schneewind, Helix president and CEO, in the news release.
Helix has the three plants in Ireland, U.S. plants in Carpinteria and Baldwin Park, Calif., and Gloucester, Mass., plants in Kaiserslautern, Germany, and Shenzhen, China, as well as a $4 million medical components plant in Alajuela, Costa Rica, which opened earlier this year. That plant has a Class 8 clean room for silicone extrusion and molding and thermoplastic molding, and a Class 7 clean room for assembly.
Cambus Medical was founded in 2006. Its hypodermic tubes and catheter shafts are used in angioplasty balloon catheters and stent delivery systems.
Helix Medical is part of privately held Freudenberg Group of Weinheim, Germany, which employs more than 37,000 people in 58 countries.
Freudenberg has grown through acquisitions in the medical market, starting in 2004 with its purchase of Jenline Industries Inc., a U.S. maker of liquid silicone rubber products for the medical-device and health-care markets.
Freudenberg added Helix Medical in 2006, followed by Anura Plastics Engineering Corp. in 2008. The medical businesses of those U.S. companies were integrated into Helix.