Medtech contract manufacturer Cadence acquires laser processing company

MergerA company that was founded with the single-minded mission of providing high-performance custom cutting blades primarily to medical device OEMs, Cadence Inc. (Staunton, VA) has evolved over the years into a full-service contract manufacturer serving the global medtech, automotive, defense and industrial sectors. That evolution has been paved with a series of acquisitions, the most recent of which was announced today with the purchase of Arcor Laser Services LLC. Arcor provides laser welding, laser cutting, machining, marking and micro-drilling services.

“The addition of Arcor’s laser expertise represents our latest investment in building a broad platform of precision technologies and supply chain services for our customers,” said CEO Alan Connor in a prepared statement. “We continue to accelerate our efforts to provide our customers with highly technical solutions to help improve their products and are extremely pleased with the industry-leading laser processing portfolio that Arcor brings to our team.”

Founded by Gary Francoeur in 2004, Arcor specializes in precision laser welding, machining, marking, and drilling, as well as turnkey systems integration. Arcor is also a leading expert in the integration of laser processes into Swiss machining centers, enabling complex fabrication at a lower cost. The company is located in Suffield, CT, and consists of two facilities totaling 30,000 square feet.

“We are very excited to join the Cadence team and expand our business,” said Francoeur. “Cadence is a great complement for our current manufacturing capabilities and we serve similar medical device and industrial markets. We see strong opportunities for growth and believe that Cadence has the team and the resources that will enable us to do so.”

In addition to an array of metal fabrication services, Cadence offers plastics insert- and over-molding, cleanroom injection molding and PEEK machining. The company also produces finished medical devices for OEM customers, providing supply chain management, final assembly, testing and inspection, final packaging and labeling, and sterilization management.

Cadence was acquired by private equity firm Kohlberg & Co. in May 2018. In addition to its headquarters in Staunton, VA, it operates plants in Cranston, RI; Pittsburgh; Sturgeon Bay, WI; and, with the current acquisition, Suffield, CT.

Comments (0)

Please log in or to post comments.
  • Oldest First
  • Newest First
Loading Comments...