MILPITAS, Calif.--(BUSINESS WIRE)--Venta Medical, Inc. a wholly owned subsidiary of Laserage Technology Corporation is pleased to announce the acquisition of Formed Polymer Solutions, Inc.
Formed Polymer Solution’s specialized thermal forming capability gives Venta the added capability to expand its business to serve Venta’s current and new customers with custom components and formed polymer sub-assemblies.
"Last October our parent company, Laserage, acquired the laser processing unit of Directed Light, Inc. (DLI) which is being co-located with Venta. Now with the integration of FPS’s capability, Venta can serve a wider base of customers seeking to outsource their projects to a one-stop-shop operation,” said Karl Im, President of Venta MedicalSM. “The acquisition of FPS gives us the ability to manufacture a wider range of thermoplastic components with micro precision requirements.”
"Joining the Laserage family of companies will give us the platform to serve more clients outside of our immediate area while better serving our current clients with full turn-key manufacturing capability as part of Venta Medical’s team,” said Peter Swenson, President and founder of FPS. "With Laserage’s precision laser processing and the enhanced capability added by FPS to Venta MedicalSM, we envision a successful future for the clients we serve and our combined companies."
The Laserage executive team views the acquisition as a strategic move for Venta, strengthening its overall contract manufacturing capabilities.
MD&M Anaheim attendees can learn more by visiting Laserage at Booth #3354.
About Laserage Technology Corporation Inc.
Laserage Technology Corporation, a privately held corporation founded in 1979, is an ISO 13485 registered, global precision laser contract manufacturer servicing the medical device, aerospace and industrial business-to-business markets.
Product capabilities include medical implants and components, medical instruments, electronic substrates, and aerospace assemblies and secondary operations, as well as the laser machining of plastics, composite materials, ceramics and avionics cable assemblies, for which Laserage received the Rockwell Collins President's award for high reliability, excellent quality and superb response.
About Venta Medical, Inc.
Venta MedicalSM is a turn-key, medical device contract manufacturer providing comprehensive manufacturing services to medical and life science companies. Venta MedicalSM provides full service manufacturing solutions (planning, procurement, production and distribution) to established OEMs and start-ups.
About Formed Polymer Solutions, Inc.
Formed Polymer Solutions develops and manufactures custom plastic components and assemblies for medical device industry. FPS specializes in micro-forming, catheter tipping, flanging, flaring, and forming various other geometries from virtually any thermoplastic materials. Complete in-house mold and tool making capabilities enable rapid prototyping for development and quick scale up for high volume manufacturing.