Molded Rubber & Plastic Corp., a medical device components and assemblies provider based in Butler, Wis., acquired injection molder Johnson Precision, which is in Hudson, N.H., to expand its capabilities and market reach.
Founded in 1981, Johnson Precision is a contract molder of medical devices that have high-precision molded components and sub-assemblies. The business has about 40 employees and will continue operations as a division of MRPC.
No other terms of the deal were disclosed but MRPC President and CEO Greg Riemer did explain some of the advantages the acquisition offers MRPC, which has been in growth mode for the last five years with the 2012 purchase of ETI Inc., a liquid silicone rubber molding company in Largo, Fla., and the 2014 expansion of its Butler headquarters.
Johnson Precision has in-house injection mold making — a service MRPC did not offer — as well as a Class 8 clean room. MRPC specializes in clean room molding with a focus on LSR, two-material and micro-molding. Now MRPC has seven clean rooms company wide.
In addition, Johnson Precision has a joint venture partner in Malaysia and both businesses are FDA-registered to produce finished medical devices. That opens the door to new business opportunities for MRPC in the Pacific Rim.