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The acquisition by private equity firm Smile Invest will bolster IGS's focus on developing, manufacturing, and validating high-end molds that meet the strict quality requirements of medical device OEMs.
The successful takeover of plastics expert KTSN and additional expertise positions the group as a technology integrator and more effective partner for customers in the automotive industry, said the company.
Florida-based mold maker and injection molding company Seaway expands its presence and geographical reach in the medical device space with the acquisition of Wright Engineered Plastics, located in the San Francisco Bay area.
More Americans are adding bidets to their bathrooms when they renovate. Global toilet seat maker Bemis Manufacturing Co. took notice and acquired Bio Bidet, which has had success in bringing bidets and smart toilet seats to the US market.