TruArc Partners completed the acquisition of Molded Devices from PNC Mezzanine Capital.

TruArc Partners, a private equity firm focused on the middle-market, completed the acquisition of Molded Devices, a provider of high-precision, value-added plastic and rubber component manufacturing solutions for medical and non-medical applications, from PNC Mezzanine Capital, a private equity firm. Financial terms were not disclosed. "Within our specialty manufacturing strategy, we have been looking for opportunities with significant exposure to the growing healthcare market. We believe Molded Devices, with its unique capabilities and robust customer relationships, is well-positioned to continue the momentum it has across the business, with a focus on deepening its capabilities across the medical market," John Pless, TruArc Partners Co-Managing Partner.