Medical device manufacturer JunoPacific Inc. has added tooling capabilities through the acquisition of Lawrence Tool and Engineering in California.
Located adjacent to JunoPacific's site in Soquel, Calif., LTE has been making tools for JunoPacific for almost three decades, LTE's president and founder, Larry Jacks, said in a statement. Jacks and other LTE staff members have joined JunoPacific to ease the transition, according to a news release.
JunoPacific is part of privately held Cretex Cos. Inc., based in Elk River, Minn. The addition of LTE, which specializes in high-volume medical device tooling, follows Cretex's July acquisition of aluminum mold maker Wickstrom Manufacturing Inc. in Redwood City, Calif.
“LTE is a tool facility that does higher-volume production type tooling, and was largely supplying us prior to the acquisition … so it complements our shorter-run tooling acquired in July,” Mark McCourtney, JunoPacific's director of sales and marketing, told Plastics News.
“It's really about positioning ourselves to grow our business in northern California, and to be successful we feel we have to have some tooling capability in-house,” he said, adding that he does not expect the company to do the entirety of its tooling in-house.
Terms of the acquisition were not disclosed.
JunoPacific also recently opened a manufacturing facility in Anoka, Minn., a northern suburb of the Twin Cities, with more than 60,000 square feet of design, development, and manufacturing space. The facility also has 18,000 square feet of clean room space for medical device manufacturing and assembly, as well as silicone molding and 3-D printing capabilities.