US-based Spectrum Plastics Group has acquired medical plastics producer Apex Resource Technologies.
With design engineering, tooling and injection molding capabilities, Apex provides advanced specialty plastics for the medical device industry.
The company, which employs around 60 people, operates a 45,000ft² facility in Pittsfield, Massachusetts.
With a wide variety of molding machines, Apex produces molding medical components for different applications.
It produces permanent, absorbable and implantable anchors, handles and covers with over-molded shafts or secondary shaft assemblies, as well as lancet and tray assemblies.
Apex’s injection molding facility produces specialized resins for both short and long runs, It is also used for final packaging and secondary assembly operations.
Spectrum Plastics CEO Neil Shillingford said: "Apex has all the elements we are looking for as we evolve our business to the next level.
“Great customer relationships, strong engineering and design capabilities, a focus on performance plastics suitable to invasive medical applications, and a solid operating culture that fits our core values.”
Apex Resource Technologies founder and president Don Rochelo said: “The two companies complement one another very well, and we are thrilled to have found such a partner to carry Apex forward in the years to come.”
Global private equity firm AEA Investors has recently acquired Spectrum Plastics Group.
Based in Alpharetta of Georgia, Spectrum Plastics is engaged in the designing and fabrication of custom and specialty plastics products for medical, food and industrial applications.
The company provides a full range of custom design, engineering and fabrication services.