Announced
Financials
Tags
medical supplies
sterile barrier packaging
injection moulding
Friendly
Medical Supplies
mechanical assembly
Single Bidder
United States
Private
precision motion control
twin sheet forming
Majority
pressure control
Acquisition
Pending
Synopsis
Carlisle agreed to acquire Providien, a provider of comprehensive manufacturing solutions for global medical device OEMs, including: thermoforming, medical device contract manufacturing, precision machining & metals, and medical injection molding. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2019. Financial terms were not disclosed. “The acquisition of Providien fits our Medical Technologies platform expansion and vertical integration strategy, driven by aging populations and increased preference for minimally invasive surgical procedures. Providien adds new products for medical markets, including: Robotics, Drug Delivery, Oncology, and Kyphoplasty, currently not served by CIT's product portfolio," Chris Koch, Carlisle President and Chief Executive Officer.
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