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Cadence, a provider of design, development and contract manufacturing services, acquired the Deland, Florida location of ARC Group Worldwide, a precision manufacturer specializing in Metal Injection Molding (MIM) and cleanroom plastic injection molding.
Cadence has experienced strong growth in recent years across its medical and drug delivery markets served, and ARC Florida further extends Cadence’s capabilities and market focus. Earlier this year, the company announced the acquisition of Utitec, adding precision deep draw technologies to its suite of capabilities.
“Acquiring ARC Florida is another major step in our strategy to be a leading medtech manufacturing partner to our customers, providing complete solutions from early-stage development to scaled manufacturing. By adding MIM to the Cadence portfolio, we further expand our vertical manufacturing platform with another cost-effective method to increase volume production as products reach scale,” stated Rob Werge, Cadence’s President and Chief Executive Officer. “We look forward to leveraging the company’s deep expertise in high-precision metal injection molding for medical devices and combining it with Cadence’s suite of capabilities across seven locations worldwide, to fully realize the value created through our unique integrated model.”
“With the accelerated growth in minimally invasive and robotic assisted surgeries, customers are increasingly looking to consolidate metal suppliers with full capabilities from machining, MIM, stamping, deep draw, laser welding, sharpening and plastic insert molding to reduce the long tail of metal suppliers,” said Werge. “Cadence is now ideally suited to be a contract manufacturer of choice to help drive both innovation and scaled production throughout the product lifecycle, while helping drive metals supplier consolidation.”
Source: Cadence, Inc.
