EPTAM Precision Solutions, a portfolio company of New Heritage Capital, has acquired Phillipsburg, New Jersey-based Micro Molding, a provider of plastic injection molding and catheter tipping solutions. No financial terms were disclosed.
BOSTON–(BUSINESS WIRE)–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.”
About New Heritage Capital
Heritage is a Boston-based private equity firm with a twenty-year history of partnering with growing, middle market, founder-owned businesses. With its innovative investment structures like the Private IPO®, Heritage provides founders with a combination of liquidity and growth capital while allowing founders to maintain control of their business. With decades of experience at managing growth, Heritage gives its partners the strategic, operational and financial guidance to help its companies reach their growth objectives. For more information, please visit: www.newheritagecapital.com.
About EPTAM Precision Solutions
Founded in 1981 and headquartered in Northfield, New Hampshire; EPTAM is a leading high-precision machining and injection molding company targeting demanding applications. EPTAM’s proprietary manufacturing capabilities provide the highest-quality, tightest-tolerance machined and injection molded parts for mission-critical applications. The company provides its custom solutions to leaders in the medical, aerospace & defense, and semiconductor industries. Visit www.eptam.com for more details about the company and its diverse portfolio of services.