Röchling to acquire medtech specialist Precision Medical Products

^{Global manufacturer, Röchling Advent Tool & Mold, has announced it will be acquiring medical technology specialist, Precision Medical Products in a move to expand its medical division.}

Professor Hanns-Peter Knaebel, CEO of the Röchling Group said: “This acquisition will allow us to significantly strengthen the position of Röchling as a provider of sophisticated medical technology products and implement our growth strategy in the USA. Furthermore, we expect the acquisition to provide synergies with our other locations that are dealing with the issue of medical technology. This is an exact fit with the Röchling philosophy and a solid foundation for future success.”

Precision Medical Products is a manufacturer of medical technologies with over 50 years’ experience. The company can manufacture precision components with extremely narrow tolerances which has helped generate significant growth in the past.

“The company fits perfectly with our strategy of strengthening our medical technology business in the USA. It is a medium-sized, owner-managed company that will integrate well into the Röchling Group and be an excellent addition to the Group’s business. That was an extremely important factor in our decision,” explained Knaebel.

Precision Medical Products’ management team will oversee the integration of the acquisition. President & CEO of Preicsion Medical Products, Douglas N. Yocom believes the acquisition will open extraordinary future prospects for the company and its employees.

Lewis H. Carter, president of Röchling Advent Tool & Mold and head of the Medical Plastics business unit, said: “PMP employees have extensive experience in the design, development, manufacture and sale of plastic and metal precision components and assemblies for medical technology worldwide. We were very impressed by this expertise.”