Sponsored By
Clare Goldsberry

June 12, 2016

2 Min Read
Medical manufacturer MedPlast announces divestiture of United Plastics Group

MedPlast Inc. (Tempe, AZ), a supplier of technology services and process manufacturing support for healthcare markets, has announced the divestiture of United Plastics Group Inc. (UPG; Houston, TX) to a newly formed affiliate of Turnspire Capital Partners LLC (New York, NY). UPG is a full-service global manufacturer of precision plastic products and value-added services for the industrial and data-center markets, with operations in the United States, China and Wales.

MedPlast was acquired by UPG in April 2012, four years after MedPlast’s founding. MedPlast provides vertically integrated custom engineered manufacturing solutions for medical device OEMs. Eleven manufacturing facilities positioned across the United States, Europe, Mexico and China enable MedPlast to serve its customers locally and globally. The core of MedPlast is its depth and breadth of plastics technology coupled with integration expertise. Orthoplastics, a MedPlast company, supplies high-quality ultra-high-molecular-weight polyethylene (UHMWPE) for orthopedic implants.

According to Turnspire’s release, UPG products are sold to more than 40 global blue chip customers and the company has developed a strong market position based on its technical expertise combined with quality, delivery and service levels. UPG operates three world-class manufacturing facilities—in Houston, TX; Cardiff, Wales; and Suzhou, China—that offer a complete range of capabilities, including product design, engineering, rapid prototyping and plastic injection molding, along with a suite of other technology platforms, value added assembly and global supply chain management.

“We are thrilled to acquire UPG, which is an ideal fit with our strategy of investing in market-leading industrial companies that can benefit from our hands-on, operationally focused approach. As a non-core division of MedPlast, UPG has maintained strong customer relationships, excelled operationally and delivered excellent financial results," stated Turnspire Managing Partner Ilya Koffman. “As an independent company under Turnspire ownership, UPG can build on that foundation with renewed focus and greater resources. We intend to continue growing the UPG business, both organically and through select acquisitions, and we look forward to working with the talented management and employees of UPG to take the business to new heights.”

Turnspire Operating Partner Neil J. Minihane, said, “Turnspire was attracted to UPG’s global footprint, longstanding reputation for quality and the mission-critical nature of many of its products for its customers. As a strategic, hands-on owner, we are excited to capitalize on the tremendous opportunities to leverage UPG’s core competencies to further improve operational performance and penetrate new customers and new markets.”

About the Author(s)

Clare Goldsberry

Until she retired in September 2021, Clare Goldsberry reported on the plastics industry for more than 30 years. In addition to the 10,000+ articles she has written, by her own estimation, she is the author of several books, including The Business of Injection Molding: How to succeed as a custom molder and Purchasing Injection Molds: A buyers guide. Goldsberry is a member of the Plastics Pioneers Association. She reflected on her long career in "Time to Say Good-Bye."

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