USA – Cadence, a Staunton, VA-based contract manufacturer of medical and drug delivery devices and specialty commercial products, acquired Utitec, a Watertown, CT-based manufacturer specializing in miniature, deep drawn medical device and commercial components.
The amount of the deal was not disclosed.With the acquisition, Cadence will expand its capabilities to include deep draw and additional cleanroom manufacturing space. Utitec has an additional medical facility located in Alajuela, Costa Rica.Led by CEO Rob Werge, Cadence is a full-service contract manufacturing partner, providing initial product design and development through complete manufacturing. Vertical integration enables the company to supply product realization solutions focused on total value for finished devices. Cadence now employs over 700 people worldwide.Commenting on the acquisition Rob Werge, Cadence’s President and Chief Executive Officer, said: “We look forward to leveraging the company’s deep expertise in miniature, high-precision components for medical devices, while expanding our capabilities to include deep draw and additional cleanroom assembly capacity in Costa Rica to support new and transfer products for our customers.“04/01/2023
