Operating Assets of the Kerrville, Texas Manufacturing Facility of Vention Medical, Inc. have been acquired by All-Plastics, LLC
HOUSTON, TEXAS (September 19, 2016) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that certain operating assets of the Kerrville, Texas manufacturing facility of Vention Medical, Inc. (“Vention”) have been acquired by All-Plastics, LLC. (“All-Plastics”).
About Vention Medical, Inc.:
Vention Medical, Inc. engages in the design, engineering, and manufacture of medical devices and components in the United States, Puerto Rico, and Costa Rica. The company manufactures non-compliant, semi-compliant, and compliant medical balloons, as well as balloon catheters, heat shrink tubing, polyimide tubing, and multi-layer medical tubing for use in the manufacture of minimally invasive medical devices, procedures, and medical technology; and provides integrated services that range from product design, through assembly and packaging, cleanroom injection molding, and sterilization for disposable and reusable medical products, and the manufacture of automation equipment. It provides contract manufacturing services to customers throughout medical, pharmaceutical, diagnostic, and biotech industries. The company sells its products online. Vention was formerly known as The MedTech Holdings Inc. and changed its name to Vention Medical, Inc. in February 2011. The company was founded in 1979 and is headquartered in Salem, New Hampshire with facilities in Salem, New Hampshire; Chattanooga, Tennessee; Plymouth, Minnesota; Marlborough, Massachusetts; Sunnyvale, California; Boulder, Colorado; South Plainfield, New Jersey; Grand Rapids, Michigan; Kerrville, Texas; West Haven, Connecticut; Boyle, Ireland; Barreal de Heredia, Costa Rica; Vega Baja, Puerto Rico; and Israel.
About All-Plastics, LLC:
All-Plastics, LLC is a world class leader in technology driven manufacturing and project management. With unparalleled industry recognized experience in advanced molding and assembly, All-Plastics has become a dominant force in the medical, industrial, packaging and consumer markets. With over 50 years of experience, All-Plastics delivers tailored partnerships by providing value-added solutions in design, precision component manufacturing, assembly, packaging and tool building. For more information about All-Plastics, visit www.all-plastics.com.
Statesman Corporate Finance, LLC is a leading middle market investment bank with offices in Houston and Austin, Texas, providing merger and acquisition sell-side, buy-side, and general corporate financial advisory services to middle-market companies. The Statesman team managing this engagement included Managing Director Sid Shaver and Associate Walker French.