Nordson and MedPlast are divvying up Vention Medical

[Image from Unsplash]

Nordson and MedPlast are each acquiring a piece of Vention Medical in the latest M&A deal to transform the medical device contract manufacturing landscape.

Nordson (Westlake, Ohio) will pay $705 million in cash to acquire Vention’s advanced technologies division, which has locations in New Hampshire, Tennessee, Ireland, Minneapolis, Massachusetts, California, Colorado and Israel.

MedPlast (Tempe, Ariz.) is meanwhile purchasing Vention’s device manufacturing services division for an undisclosed sum. The device manufacturing services business has locations in New Jersey, Michigan, Puerto Rico and Costa Rica.

Both deals are expected to close during the first half of 2017.

Get the full story on our sister site, Medical Design & Outsourcing.

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