Alira Health is pleased to announce its role as exclusive strategic and financial advisor to Röchling Group in the acquisition of Precision Medical Products, Inc.
The acquisition creates synergy between Röchling Advent Tool and Mold’s injection molding expertise and PMP’s metal and fine precision capabilities that will provide strong opportunities to serve customers better and expand market reach.
The comprehensive capabilities of Precision Medical Products, Inc. (PMP) include engineering services, metalworking, injection molding, device assembly, packaging, and sterilization. The ability to produce high-quality precision parts with extremely tight tolerances and to implement demanding projects of the highest quality has led to significant growth in the past. Its comprehensive contract manufacturing services will elevate Röchling’s North American Medical Division to a more advanced medical industry offering and enable it to provide a wider range of services to medical device manufacturers than ever before. The new facility will provide Röchling with additional production space, as well as 20,000 square feet of additional clean room space, to better serve its medical customers.
“The acquisition enables us to significantly expand Röchling’s position as a supplier of advanced medical technology products and to implement our growth strategy in the USA. Additionally, we expect the acquisition to drive collaboration with our other medical sites,” explains Professor Hanns-Peter Knaebel, CEO of the Röchling Group and Medical Division. “Precision Medical Products has earned a reputation for quality and innovation. This aligns well with Röchling’s philosophy and is a strong foundation for future success.”
Lewis H. Carter, President of Röchling Advent Tool & Mold and Head of the Business Unit Medical Plastics, is excited by the expertise PMP will bring to the company. “PMP employees have extensive experience in the design, development and manufacture of precision metal and plastic parts along with the lifesaving assemblies they create” Carter says. “Their skills and expertise will help the Medical Division continue to thrive and provide value to our customers.” Röchling Advent Tool & Mold has been part of the Röchling Group since 2012. Headquartered in Rochester, New York, the company is a full-service specialist in the manufacture of injection-molded, precision medical grade devices.
ABOUT RÖCHLING GROUP
The Röchling Group, headquartered in Mannheim, Germany includes a large number of locations in countries all over the world. With a workforce of several thousand employees, Röchling Group manufactures their products in close proximity to their customers and markets. Röchling’s Medical Division offers customers a wide range of standard and tailored plastic products in the fields of pharmaceuticals, diagnostics, surgery and life sciences. These high-quality products are used in innovative drug delivery systems, primary packaging systems, surgical instruments and disposable diagnostic items.
ABOUT PRECISION MEDICAL PRODUCTS, INC.
Precision Medical Products, Inc. has more than 50 years of experience manufacturing medical devices and almost 100 years of experience engineering and producing needles and other precision-crafted metal products. Precision Medical Products works with metal and plastic components and can offer medical device assembly, medical device component manufacturing, and contract packaging in ISO-certified Class 7 (FS209E Class 10,000) and Class 8 (FS209E Class 100,000) clean room areas.