TruArc Partners-backed Molded Devices, a plastic processing firm, agreed to acquire GlobalMed, a medical tubing and extrusion manufacturer, and Schauenburg‐Truplast, a certified medical extrusion and tubing contract manufacturer for GlobalMed, from Schauenburg Technology, a plastic hose technology provider. Financial terms were not disclosed. “The combination of GlobalMed with MDI further deepens our capabilities for medical device OEMs in line with our global growth strategy. Our current expertise in various molding technologies combined with GlobalMed’s extrusion expertise in the design, development, and production of highly engineered extrusions for specialized medical applications and devices will allow us to provide an expanded set of injection molding, extrusion, design, development, and assembly capabilities to our customers around the world," Gregg Tobin, MDI President and CEO.