MedPlast invests in industrial design house

Tor Alden of HS Design told PlasticsToday that MedPlast was now a minority shareholder, without revealing the investment amount. According to Alden, HS Design has 14 total employees, including six industrial designers, four mechanical engineers, and four support staff. The company has eight seats of Solidworks CAD software, as well as two seats of ProE. Alden listed Johnson & Johnson, Bayer Healthcare, Ortho, and Pfizer as former clients, adding that his company has also done work with “many emerging high-tech companies.”

In a release, MedPlast stated the partnership would improve cost efficiencies and decrease time to market. According to Harold Faig, MedPlast CEO, “Many of our customers have complex requirements and need a custom plastic, synthetic, rubber, and silicone molding manufacturer with integrated development and design capabilities. Our investment in HS Design enables MedPlast to offer our customers a wide range of services and expertise that we would not have individually been able to provide.”

MedPlast, which came together in April 2008 through the acquisition of ATP’s Engineered Rubber and Plastics Group (ERPG; Wayne, PA) and K&W Medical Specialties (K&W; Westfield, PA), has more than 375,000 sq ft of manufacturing space spread over five U.S. facilities (Elkhorn, WI; Westfield, PA; Tempe, AZ; Monticello, IA; West Berlin, NJ). At February’s Medical Design & Manufacturing West event in Anaheim, the company announced a series of expansions for its business. —[email protected]