Sign up for the PlasticsToday NewsFeed newsletter.
A manufacturer of single-use medical devices, Vygon (Ecouen, France) has announced the acquisition of Medwin, a company based in southwest France that is specialized in enteral nutrition pumps and related accessories. The purchase will allow Vygon to expand its portfolio of enteral nutrition products. The financial terms of the agreement were not disclosed.
September 2, 2014
1 Min Read
The aim of the operation is to consolidate Vygon's nutritional medical device portfolio, said the company in a press release, particularly its series of feeding pumps for use in hospital settings and in home-based care. Medwin has a 15-year history of producing feeding pumps.
Based near Montpellier, Medwin generated a turnover of €2.6 million ($3.5 million) in 2013. The company was founded in 1999 and employs 20 people, who will be transferred to the Vygon Group.
Vygon produces an array of sterile single-use devices, notably catheters, and operates facilities in France, Belgium, Germany, and the United States. The fully integrated company designs, extrudes and molds, assembles, and packages its products. Materials routinely processed by the firm include PVC, PE, PC, PU, and POM.
"We are delighted with this acquisition, which is a perfect fit with our group's commitment to external growth," explained Stéphane Regnault, Chairman of Vygon's board of management, in a prepared statement. "Healthcare professionals recognize the quality of Medwin's products and manufacturing processes. This tie-in means that we can provide our clients with an enhanced enteral nutrition offering and consolidate our position in international markets."
Enteral nutrition, which involves feeding patients via a gastric tube, is estimated to be a $9 billion global market.
You May Also Like
Freudenberg Medical Expands Manufacturing Footprint in Costa RicaFeb 21, 2024|2 Min Read
Breaking News in Flexible Packaging February 2024Feb 21, 2024|2 Min Read
Polyplastics Advances Electric Two-Wheeler Battery CoversFeb 21, 2024|1 Min Read
Magic Demos Next-Gen Extrusion Blow Molder at NPE2024Feb 21, 2024|1 Min Read