HELIX MEDICAL
US medical device producer to acquire 50% share in Ireland's Cambus Medical / Expanding European footprint
US custom medical device manufacturer Helix Medical (Carpinteria, California; www.helixmedical.com) continues to expand its footprint in Europe, more than two years after the company established its first foothold on the continent when it opened a plant in Kaiserslautern / Germany – see Plasteurope.com of 24.02.2010. In mid-August the California-based medical manufacturer made a strategic investment in Irish hypotubes and micro-component catheter specialist Cambus Medical (Spiddal; www.cambusmedical.com). Financial details of the deal were not disclosed. Helix Medical did say, however, that it will provide expansion financing throughout 2012 and by January next year will acquire a 50% stake in Cambus.

At its plant in Spiddal, near Galway, Cambus Medical designs, develops and produces high-quality precision medical components by means of injection moulding, EDM and ECM machining, laser precision cutting, laser welding and marking as well as assembly and packaging. The business will complement the catheter business of Helix Medical’s European joint venture VistaMed (Carrick-on-Shannon / Ireland; www.vistamed.net), a manufacturer of specialty catheter systems and extruded medical tubing.

Once complete, the partnership will expand Helix Medical’s portfolio to include the full range of components, design and manufacturing services for minimally invasive surgery devices. Aside from these two Irish joint ventures, the Carpinteria-based company also operates plants in Massachusetts / USA, Costa Rica, Germany and China.
17.08.2012 Plasteurope.com [223117-0]
Published on 17.08.2012

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 26.12.2024 04:59:47   (Ref: 641048452)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp