MDI acquires two medical hose and extrusion businesses from Schauenburg Hose Technology

TEMPE, Arizona–(BUSINESS WIRE)–Molded Devices, Inc. (MDI), a provider of high-precision, value-added solutions for manufacturing plastic components for medical and non-medical applications, today announced the acquisition of two of Schauenburg Hose Technology’s companies, GlobalMed Inc. ( Canada ) and Schauenburg‐Truplast (China) (collectively “GlobalMed”).

Headquartered in Trenton, Ontario, Canada, GlobalMed is a pure-play medical tubing and extrusion manufacturer with over 40 years of plastic extrusion experience. The company currently supplies original equipment manufacturers (OEMs) of medical devices in clinical areas such as anesthesia, ventilation, ventilation, surgery (smoke evacuation) and sleep apnea. GlobalMed has offices and manufacturing facilities in Trenton, Ontario, Canada and Guangzhou, China.

“The combination of GlobalMed and MDI deepens our capabilities for medical device OEMs in line with our global growth strategy,” said Gregg Tobin, President and CEO of MDI. “Our current expertise in various molding technologies combined with GlobalMed’s extrusion know-how in the design, development and production of highly engineered extrusions for specialized medical applications and devices will enable us to offer an expanded range of injection moulding, extrusion, design, Development and offer assembly capacities for our customers all over the world.”

“GlobalMed has experienced an attractive growth trajectory over the past 20 years and has become a globally recognized player in the medical OEM sector. I am very grateful to the entire team for all their commitment and achievements during this time,” said Marc Georg Schauenburg, CEO of Schauenburg Technology SE, parent company of the Schauenburg Hose Technology Group.

“In MDI, we have found a partner who we believe is well-positioned to capitalize on GlobalMed’s significant growth potential and provide additional career opportunities for our team,” added Richard Meyer, co-CEO of Schauenburg Hose Technology Group , add.

MDI’s core manufacturing competencies include injection molding, tubing extrusion, blow molding, dip molding and dip coating. The company also offers a range of value-added services, including clean room assembly for the manufacture of advanced medical devices, product design and development, and engineering and tooling support – offering a full suite of solutions to its customer base.

“We are pleased to support MDI’s expanded capabilities and robust customer relationships in the fast-growing healthcare market with the addition of GlobalMed,” said John Pless, Co-Managing Partner at TruArc Partners, majority owner of Molded Devices.

GlobalMed’s current management team in Canada and China will join MDI’s leadership team.

Houlihan Lokey, Westend Corporate Finance, PwC, Fasken and JunHe advised Schauenburg and GlobalMed. Davis Polk acted as legal counsel and SVB Securities as financial advisor to MDI and TruArc Partners.

Financial terms were not disclosed.

About Molded Devices, Inc.

Molded Devices, Inc. (MDI) manufactures a variety of complex injection components used in medical devices, aerospace and industrial applications. Headquartered in Tempe, AZ, the company has proprietary manufacturing facilities in the United States, Mexico, China and Canada. To learn more about Molded Devices, visit www.moldeddevices.com.

About TruArc Partners

TruArc Partners is a private equity firm focused on control investing in the middle market. TruArc focuses on companies in attractive sub-sectors in specialty manufacturing and business services. TruArc’s investment team works with its operating partners and portfolio management teams to create value through a transformative growth strategy guided by organic or acquisition-driven growth. To learn more about TruArc, visit www.truarcpartners.com.

About Schauenburg Technology SE

Schauenburg Technology SE, parent company of the Schauenburg Hose Technology Group and GlobalMed, headquartered in Mülheim, Germany, is a leading niche player in the field of plastic hose technology, which operates under the Schauenburg Hose Technology umbrella. Further information: https://schauburg-hose.com/de/.

About GlobalMed Inc.

GlobalMed Inc. is a certified medical extrusion and tubing manufacturer with over 40 years of plastic extrusion experience. GlobalMed has been part of the international Schauenburg Hose Technology Group since 2004. For more information: www.globalmedinc.com.

About Schauenburg‐Truplast Hose Technology GmbH

Schauenburg‐Truplast Hose Technology Ltd. from China is a certified medical extrusion and Contract tubing manufacturer for GlobalMed Inc. with over 16 years experience in plastic extrusion experience. Schauenburg Truplast is part of the international Schauenburg Hose Technology Group since its inception in 2005. Further information: https://schauburg-hose.com/de/.

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