Eptam Precision Answers is boosting its presence in lifestyles sciences by means of obtaining injection molder Sterling Production Co. and its Albright Silicone subsidiary.
Lancaster, Mass.-based Sterling makes parts for the molecular diagnostics, biopharmaceutical, scientific instrument, shopper electronics and aerospace/protection markets. Albright, in Leominster, Mass., brings one thing new to Eptam’s desk: silicone injection tooling, fabrication and molding.
Eptam mentioned it expects to get pleasure from Sterling’s proximity to main OEMs in biopharmaceuticals and molecular diagnostics in New England.
Sterling famous the corporations are a excellent aggregate.
“Partnering with Eptam is a smart alternative within the evolution of Sterling’s functions,” Sterling CEO John Gravelle mentioned in a information unencumber. “We’re assured this acquisition will extend Eptam’s huge technical functions in … the lifestyles sciences and scientific markets. Shall we now not have discovered a greater strategic are compatible.”
Sterling has been in enterprise since 1968. It principally serves the well being care, protection and shopper product industries. Along with molding, it gives fast prototyping and gear construction and validation. Sterling bought Albright in 2019.
Based in 1981, Eptam manufactures implants; single-use, diagnostic and biopharmaceutical merchandise; and scientific and surgical instrument parts. The Northfield, N.H., corporate employs greater than 500 at amenities there and in Lakeville, Minn.; Michigan; Connecticut; Colorado Springs, Colo.; and Phillipsburg, N.J.
Eptam, which has been a part of Seattle-based funding company Frazier Healthcare Companions’ portfolio since overdue 2019, additionally does polymer and steel machining, and plans so as to add steel injection molding capacity this yr.
The corporate has made a number of plastics-related acquisitions since 2019. In January 2019, it purchased considerably all of the property of Relius Clinical LLC in Colorado Springs. After that deal, the corporate rebranded the mixed corporations as Eptam Precision.
A couple of months later, it bought Micro Molding Inc. and its subsidiary MedConnection LLC to spice up its functions for injection molding, catheter tipping and meeting within the scientific instrument marketplace.
In Might 2021, it purchased scientific element maker Mendell System and Production Inc. for undisclosed phrases. Mendell manufactures customized implantable plastic and steel scientific gadgets, focusing on precision laptop numerically managed (CNC) micromachining. The corporate serves the endovascular, structural center and cardiovascular markets, offering microsurgical parts, microcutters and microhousings.
The title Eptam comes from the company’s unique title, EP Software & System Ltd. It was once based in 1982. Initially family-owned, it took on a non-public fairness investor in 2014 when the control crew joined with Boston-based non-public fairness company New Heritage Capital LLC to recapitalize the company.
Florence, Mass.-based Molding Trade Services and products Inc., dba MBS Advisors, represented Sterling within the Eptam deal.
Persevered from Web page
https://www.plasticsnews.com/mergers-acquisitions/sterling-manufacturing-deal-boosts-life-sciences-business-eptam
