Sponsored By

Davis-Standard bolsters medical tubing business with Harrel acquisition

Adding a valued customer base and proprietary technology in a sought-after market, Davis-Standard LLC (Pawcatuck, CT) has entered into a binding purchase agreement with medical tubing extruder supplier Harrel Inc. (Norwalk, CT). Jim Murphy, president extrusion systems Davis-Standard (Hall 16, Stand A43), told the KSD that the deal is expected to be finalized and Harrel moved out from its Norwalk facility to Davis-Standard’s Pawcatuck headquarters by the end of November, pending shareholder approval from Harrel.

October 27, 2010

1 Min Read
Davis-Standard bolsters medical tubing business with Harrel acquisition

Adding a valued customer base and proprietary technology in a sought-after market, Davis-Standard LLC (Pawcatuck, CT) has entered into a binding purchase agreement with medical tubing extruder supplier Harrel Inc. (Norwalk, CT). Jim Murphy, president extrusion systems Davis-Standard (Hall 16, Stand A43), told the KSD that the deal is expected to be finalized and Harrel moved out from its Norwalk facility to Davis-Standard’s Pawcatuck headquarters by the end of November, pending shareholder approval from Harrel.

“Medical rode out the recession really well,” Murphy said. “People in the medical industry kept investing while other markets sat on their hands.” David Madar, Harrel’s president, will transition to a new role overseeing medical tubing products at Davis-Standard, along with two other Harrel employees who will be retained. The Harrel name will live on as a brand under Davis-Standard.

As part of the purchase agreement, Davis-Standard will also acquire key Harrel intellectual property, including its alternate polymer technology, which allows an extruder to shift from one material to another within a pipe while continuously running. Typically applied in catheters within medical tubing, the technology allows materials of different durometers to be used so tubing can feature rigid and flexible sections, with small transition areas.

Murphy noted both Davis-Standard and Harrel have been competing on some medical tubing business for some time, with Davis-Standard serving the market since the 1980s. Murphy said that medical accounts for 5%-10% of its sales at this time, including film and sheet in addition to tubing, with Harrel posting annual revenue of $2-$4 million. —Tony Deligio
 

Sign up for the PlasticsToday NewsFeed newsletter.

You May Also Like