Cadence acquires ARC Florida to bolster its medical device manufacturing
Cadence, Inc, headquartered in Staunton, Virginia, USA, has acquired ARC Florida, a precision manufacturer specialising in Metal Injection Moulding (MIM) and cleanroom plastic injection moulding, from ARC Group Worldwide.
“Acquiring ARC Florida is another major step in our strategy to be a leading medtech manufacturing partner to our customers, providing complete solutions from early-stage development to scaled manufacturing. By adding MIM to the Cadence portfolio, we further expand our vertical manufacturing platform with another cost-effective method to increase volume production as products reach scale,” stated Rob Werge, Cadence’s president and Chief Executive Officer.
“We look forward to leveraging the company’s deep expertise in high-precision Metal Injection Moulding for medical devices and combining it with Cadence’s suite of capabilities across seven locations worldwide, to fully realise the value created through our unique integrated model.”
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Cadence has seen significant growth in its medical and drug delivery markets. The acquisition of ARC Florida is said to expand Cadence’s capabilities and market focus. Earlier this year, the company also acquired Utitec, Inc, which added precision deep draw technologies to its range of capabilities. With the addition of MIM and cleanroom plastic injection moulding, Cadence intends to position itself as a reliable supplier of comprehensive contract manufacturing solutions.
“With the accelerated growth in minimally invasive and robotic assisted surgeries, customers are increasingly looking to consolidate metal suppliers with full capabilities from machining, MIM, stamping, deep draw, laser welding, sharpening and plastic insert moulding to reduce the long tail of metal suppliers,” said Werge. “Cadence is now ideally suited to be a contract manufacturer of choice to help drive both innovation and scaled production throughout the product lifecycle, while helping drive metals supplier consolidation.”
