BOSTON--New Heritage Capital (“Heritage”) is pleased to announce that its portfolio company EPTAM Precision Solutions (“EPTAM”) has acquired Micro Molding Inc. and MedConnection LLC (together “Micro Molding” or the “Company”), a Phillipsburg, NJ based provider of plastic injection molding and catheter tipping solutions. The acquisition will broaden EPTAM’s core capabilities, enabling the company to better serve its customers with a one-stop-shop solution for precision plastic and metal components.
Micro Molding is a leading provider of precision plastic injection components primarily to the medical device market with a deep expertise in precision injection molding, catheter tipping, finishing and assembly. The Company’s strong reputation for quality and delivery has earned the Company multi-decade relationships with some of the world’s leading blue-chip medical device companies. Micro Molding operates out of two ISO-9001 certified facilities with over 36,000 square feet in Phillipsburg, NJ.
“The acquisition of Micro Molding is the ideal strategic addition for EPTAM. The Company’s plastic injection molding capabilities perfectly complement EPTAM’s plastic and metal machining capabilities, broadening our one-stop-shop solution for our key blue-chip customers. We are delighted to be partnering with Micro Molding and their team,” said Dana Waterman, CEO of EPTAM.
Jud Samuels, a Partner at Heritage, added, “The acquisition of Micro Molding significantly broadens EPTAM’s suite of services, allowing it to serve its customers even better than before. We are excited about this new chapter in EPTAM’s strategic evolution.”