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Cretex Companies Acquires Wickstrom Manufacturing

ELK RIVER, Minn.--(BUSINESS WIRE)--Cretex Companies (www.cretex.com) today announced that is has acquired the assets of S. Wickstrom Manufacturing, Inc., a quick-turn injection molding company focused on serving the medical device and surgical instrument markets. Wickstrom, located in Redwood City, CA will become part of JunoPacific, Inc. (www.junopacific.com), one of the Cretex Medical group of companies.

“I’m also pleased that Scott Wickstrom will remain with the company and help guide its growth.”

“We are delighted to add Wickstrom to our team,” said Kern Bhugra, President of JunoPacific. “They are experts in aluminum tooling and collaborate closely with their customers to deliver high quality production-grade parts in a fraction of the time and cost of conventional molding companies. Adding Wickstrom’s capabilities will enhance JunoPacific’s ability to help our customers bring their products to market quickly and inexpensively.” Bhugra continued, “I’m also pleased that Scott Wickstrom will remain with the company and help guide its growth.”

Terms of the acquisition were not disclosed.

About Cretex Companies, Inc.
Cretex, established in 1917, is a privately held, diversified manufacturing company headquartered in Elk River, Minnesota. The company’s subsidiaries operate in four major markets: medical, aerospace & defense, industrial, and infrastructure. rms, rms Surgical, Meier, JunoPacific, Spectralytics and Elk River Machine Company provide contract manufacturing services to OEMs requiring precision machining, metal stamping and fabrication, laser processing, plastic molding, medical device assembly and packaging, and heavy gauge metal machining and fabrication. Cretex Concrete Products provides reinforced concrete pipe, concrete bridge components, and other precast and prestressed concrete products serving the infrastructure needs of the central United States. Cretex Companies employs about 2,000 people in 36 locations in 11 states.

Contacts

Kay Lau & Associates
Victoria DyBuncio, 310-278-2200
victoria@kaylau.com
or
Cretex Companies, Inc.
Steven J. Ragaller, 763-241-8231
sragaller@cretex.com