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Injection Mold Tooling
The Weinheim, Germany-based Freudenberg Group and
its affiliate Helix Medical Europe have acquired a 50 percent share of
VistaMed Ltd., the Irish manufacturer of components for medical devices.
The two companies are expecting the cooperation to provide synergies in
the development of products and services as well as market penetration.
With this move, the Freudenberg Group is expanding its activities in
this growth industry. Only a year ago, Freudenberg set up its European
headquarters for medical technology in Kaiserslautern, Germany.
VistaMed, with its headquarters in
Carrick-on-Shannon, has two production facilities in Ireland, where
complex medical tubing systems and precision components for medical
devices are produced under cleanroom conditions. Examples of
applications include catheters for
minimally invasive
surgical procedures and endoscopic components. Having expert knowledge
in the industry, the company regards itself as a strategic product
development partner with its customers. Established in 1997, VistaMed
employs 85 people."
The management of VistaMed will continue to run the
company and bring their valuable experience and knowledge into the
Freudenberg Group.
From the new joint venture Freudenberg is expecting
advantages in the development of products and services to emerge. At the
same time, the range of materials used and the product spectrum can be
broadened. Freudenberg's aims are to serve its global customers even
more comprehensively as well as to expand the development and production
of orders for complete catheter systems in accordance with
customer-specific requirements.
For more information, visit
www.helixmedical.com or
www.freudenberg.de.
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