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Flambeau Medical Eyes Growth via New Partnership
The manufacturer of engineered plastic parts has partnered with Two Styx Capital, which said it is committed to investing in both human capital and state-of-the-art equipment.
Posted by Staff
October 24, 2023
1 Min Read
Wasan Tita/iStock via Getty Images
Flambeau Medical, a contract manufacturer of engineered plastic parts for medical device OEMs, announced that it has partnered with Two Styx Capital (TSC). The Phoenix-based company will continue to operate as Flambeau Medical, part of the Nordic Group of Companies. TLC will bring its medical device industry expertise, built over 20 years and focused on critical medical component manufacturing, while continuing to leverage Flambeau's strong design, engineering, and manufacturing foundation, said the news release.
All Flambeau Medical employees will continue in their roles. In addition, veteran medical device industry executive David Mabie will join as Operating Partner/Executive Vice President. Several new executives from TSC will join him, providing strength in business development, production management, operations, engineering, and automation, said the announcement.
“This partnership venture with TSC will enable Flambeau Medical's Phoenix operation to excel in its support of medical device applications as we apply the expertise of TSC’s engineering innovation capacity and operational excellence. We look to further augment those capabilities through strategic investment in human capital as well as capital equipment,” said Jason Sauey, chairman of Nordic Group.
“The foundation Flambeau Medical has built over the past decade will allow TSC the opportunity to implement our manufacturing playbook, which has proven successful in past investments, acquisitions, and mergers.” said Rod Trujillo, TSC co-founder. “We will remain focused on increasing innovation and manufacturing efforts in the life sciences industries, while strategically investing in both human capital and state-of-the-art equipment.”
Founded in 2021, TSC said it co-invests in businesses with operating executives, allowing those executives to end up with a larger portion of equity through growth. Trujillo and Casper Zublin formed the company upon the sale of International Rubber Products Inc. to Integrated Polymer Solutions, owned by Arcline Investment Management.
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