New Jersey-based packaging, device and component supplier Comar LLC is expanding its medical device business through the purchase of iMark Molding Inc.
Comar CEO Mike Ruggieri said the deal will give his firm more engineering, custom injection molding and assembly services, and will support Comar's growth plans in the medical and pharmaceutical segments.
President and CEO Mark Sturtevant founded iMark in 2000. The 70-employee company is located in Woodville, Wis., 45 miles east of the Minneapolis-St. Paul, Minn., area, a hotbed of medical products development and production.
The company is ISO13485-certified and has ISO Class 7 and ISO Class 8 clean rooms. Its 130,000-square-foot facility has more than 30 injection presses. Customers include makers of medical diagnostic and surgical devices.
Among other honors, iMark won a special award for enterprise precision in the 2018 Wisconsin Manufacturer of the Year competition. The company spent $18 million in 2018 to expand and upgrade its operation.
Voorhees, N.J.-based Comar said there will be no plant closures or employee layoffs for Comar or iMark as part of this acquisition.
"We are so excited to be welcoming Mark and Linda Sturtevant and their outstanding team to the Comar organization," Ruggieri said in a news release. Linda Sturtevant is iMark's vice president of finance.
Mark Sturtevant will continue to manage day-to-day operations of the iMark facility.