STAUNTON, Va., Jan. 7 /PRNewswire/ -- Specialty Blades, Inc. and its medical device division IncisionTech announced today it has completed its acquisition of Popper and Sons, Inc. The acquisition of Popper, a leading specialty needle and metal tubing medical device manufacturing company, makes the combined company the leading contract manufacturer of cutting and piercing devices for the medical device industry. Specialty Blades originally announced its intention to acquire Popper on September 17, 2007.
"This acquisition supports our strategy of focusing the value we bring to medical device companies on improving devices through functional expertise. While we now have one of the broadest arrays of manufacturing capabilities, our unique value proposition lies in our ability to work with OEMs to enhance the performance of their instrumentation, leading to better outcomes for patients," said Specialty Blades President and CEO Peter Harris. "From laser cutting and welding to CNC sharpening to EDM to tubing fabrication to electrochemistry, we believe we are the only tier one device manufacturer with such focused functional device expertise, differentiating us from other contract manufacturing generalists."
The combined companies will have locations in Virginia, New York and Rhode Island with total employment of approximately 240 and revenues over $35 million. The company's principle market segments include medical device contract manufacturing, instrumentation and automation components for the life science diagnostics markets, and industrial cutting components. Financial terms of the deal were not disclosed.
|SOURCE Specialty Blades, Inc.|
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