Peak Performance Compounding, has announced that The Haartz Corporation has purchased a minority stake in the company.
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Together, Peak and Haartz will serve the specialty medical and industrial custom and toll compounding markets.
This new partnership allows Haartz to diversify into the rapidly growing medical compounding market and enables Peak to capitalize and expedite on growth.
“We are planning to expand our manufacturing footprint in 2022 by adding a dedicated White Room space for our medical production, additional blending and storage space for all products. Although we are in an unusual time, we are very optimistic about the future,” says Peak president Todd Marchand.
“Haartz has long-looked to diversify our products and markets,” says Matthew Williams, vice president of global automotive exteriors and new markets. “This partnership with Peak provides us access to the growth positioned medical plastics marketplace. We will now be able to leverage our decades of knowledge in high-performance plastics to support this growing market,”
Peak started manufacturing in 2019 and quickly obtained ISO 13485:2016 (Medical) and 9001:2015 (Industrial) certifications in 2020, attracting attention in the medical marketplace. In less than two years the company has grown to multi-million dollars in sales.