Staunton Va.-based medical supplier Cadence Inc. has acquired injection molder ARC Group Worldwide's DeLand, Fla., facility.
ARC Group specializes in metal injection molding (MIM) and also does clean room molding of plastics.
"By adding MIM to the Cadence portfolio, we further expand our vertical manufacturing platform with another cost-effective method to increase volume production as products reach scale," Rob Werge, president and CEO of Cadence, said in an Oct. 3 news release. "Acquiring ARC Florida is another major step in our strategy to be a leading medtech manufacturing partner to our customers … from early-stage development to scaled manufacturing."
The company said MIM is cheaper than machining, stamping or casting.
Cadence declined to comment on the cost of the investment.
The DeLand facility's workforce, processes and systems will "remain the same at this time," Beth Alltop, executive projects and communications manager at Cadence, told Plastics News in an emailed statement.
Cadence experienced "strong growth in recent years across its medical and drug delivery markets," the release said. "ARC Florida further extends Cadence's capabilities and market focus."
Werge said growth in minimally invasive and robotic-assisted surgeries has customers are looking to consolidate suppliers of metal components.
Cadence employs about 800 people at facilities in in Virginia, Connecticut, Pennsylvania, Rhode Island, Wisconsin, Florida and Costa Rica.