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Westfall Technik Acquires Three Businesses.

Westfall Technik Inc., a global holding company that provides highly productive plastics manufacturing solutions to the medical, packaging, and consumer goods industries, acquired Delta Pacific Products and its wholly owned subsidiaries, Prism Plastics Products and NxTBio Technologies, each of which operate on a standalone basis.

"We chose to join Westfall Technik because we knew Westfall would expand the services and production capacity we offer to the medical device community in the Bay area and greater Minneapolis. We can now offer our customers high-volume production, device assembly and rapid precision toolmaking throughout the United States and, through Westfall's extensive sales team, can offer our services to customers we could never previously reach," said Yuan Tian, Delta's president and CEO.

Delta is an injection molder in the San Francisco Bay Area serving the growing medical device startup community in that region. The engineers and operators at Delta specialize in working with medtech R&D professionals from the prototyping phase through U.S. Food and Drug Administration (FDA) approval and full production. Delta's core competency in tooling design greatly reduces lead times and increases speed to FDA approval and the eventual commercialization of customers' products. Their focus on high quality products, quick turnaround times, and experienced staff makes Delta an ideal choice to serve both startups and global medical device OEMs. Given Delta's success, Westfall is planning to expand its current footprint to allow the business to scale alongside its customers. The acquisition of Delta marks a significant and important investment in the medical/healthcare space for Westfall.

Prism also marks a strategically important investment for Westfall as the company looks to expand its presence in certain regions of the country. In this case, Prism's location outside Minneapolis provides additional capacity and capabilities for Westfall to offer customers located in the Midwest. On a combined basis, the additions of Prism and Delta add over 50,000 square feet of additional production space to Westfall's capacity before the planned expansion at Delta.

Westfall also acquired NxTBio Technologies, a developer, marketer, and distributor of branded bioscience laboratory consumables including pipette tips, filter tips, tubes and strip tubes, vials, multi-well plates, and related racking systems. Westfall's ability to engineer and build high-volume production systems will accelerate the growth of NxTBio's product portfolio.

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Title Annotation:INDUSTRY NEWS
Publication:Medical Product Outsourcing
Date:Jun 1, 2019
Words:376
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