NORTHFIELD, NH – (BUSINESS WIRE) – EPTAM Precision Solutions (“EPTAM” or the “Company”), a portfolio company of Frazier Healthcare Partners (“Frazier”), is pleased to announce the acquisition of Sterling Manufacturing (“Sterling Manufacturing”)” ) and its subsidiary Albright Silicone Company (“Albright”). Sterling is a component manufacturer headquartered in Lancaster, MA specializing in plastic injection molding and Liquid Silicone Rubber (LSR) molding serving the Medical Device, Molecular Diagnostics, BioPharma, Consumer Electronics and Aerospace & Defense markets. Sterling is a component manufacturer headquartered in Lancaster, MA specializing in plastic injection molding and Liquid Silicone Rubber (LSR) molding serving the Medical Device, Molecular Diagnostics, BioPharma, Consumer Electronics and Aerospace & Defense markets. Sterling is a component manufacturer headquartered in Lancaster, Massachusetts, specializing in plastic injection molding and liquid silicone rubber (LSR) molding, serving the medical device, molecular diagnostics, biopharmaceutical, consumer electronics, aerospace and defense markets. Sterling is a Lancaster, Massachusetts-based components manufacturer specializing in plastic injection molding and liquid silicone rubber (LSR) molding for medical devices, molecular diagnostics, biopharmaceuticals, consumer electronics, and the aerospace and defense industries.
In addition to further strengthening EPTAM’s presence in the life sciences, biopharmaceuticals and wider medical device markets, the transaction expands and enriches EPTAM’s capabilities by providing customers with a single partner to meet their plastics manufacturing needs. With its experience in the production and molding of silicone injection molds, Albright brings exciting new opportunities to the EPTAM portfolio. Albright is just a short drive down the road in Leominster, Massachusetts, and Sterling and Albright’s combined molding expertise will make EPTAM a one-stop-shop for medical customers requiring injection molded thermoplastic and LSR components.
EPTAM, founded in 1981, is a third-party manufacturer of medical device components, implants, disposable medical consumables, biopharmaceutical and diagnostic equipment, and other precision surgical instrument components. The company is experienced in polymer processing, precision metal processing, injection molding, laser cutting/welding and metal injection molding and plans to open later this year. In addition, EPTAM offers a wide range of value-added services such as process validation, assembly design, cleanroom assembly, laser cutting/welding equipment and process development, rapid prototyping and technical project management solutions. EPTAM has over 500 employees in New Hampshire, Colorado, New Jersey, Minnesota, Connecticut and Michigan.
Mark Kemp, CEO of EPTAM, said: “By bringing professionals from Sterling and Albright to our team, EPTAM is expanding its world-class expertise in highly automated injection molding of thermoplastic and liquid silicone rubbers, as well as expanding our engineering support. services and benefit from Sterling’s proximity to many of the leading molecular diagnostics and biopharmaceutical OEMs located in the New England area.”
Stan Bowker, President of Sterling, said: “We are excited to join the EPTAM family. They share the same culture and values and make the perfect partnership for our next chapter. EPTAM coverage and industry experience, especially in healthcare. The technology combined with our world-class experience in casting, tooling and automation will greatly enhance our capabilities and the products we offer to our customers.” Sterling CEO John Gravelle added: “Partnering with EPTAM is absolutely key to developing Sterling’s capabilities. Great opportunity. We believe this acquisition will enhance EPTAM’s broad technology capabilities to serve the life sciences and healthcare markets. We couldn’t find a better strategic fit.”
EPTAM is a leading precision outsourced manufacturer of complex components and equipment with specific expertise in plastics, metals and injection molding. The company provides customized technology solutions to leaders in medical devices, biopharmaceuticals and other industries. Please visit (www.eptam.com) for more information about the company and its diverse portfolio of services.
Sterling, founded in 1968, is a vertically integrated injection molding solution partner for the consumer, healthcare and defense industries. Sterling supports the entire product lifecycle, including rapid prototyping, tool development, validation, prototyping, and significant automation expertise. In addition, Sterling offers a wide range of additional operations such as automatic assembly, pad printing and ultrasonic welding. With the acquisition of Albright in 2019, Sterling added a vertically integrated silicone molding partner to its offering, allowing the company to better serve the medical, industrial, consumer and defense industries. For more information about Sterling and Albright visit (http://www.sterlingmfg.net/)
Frazier Healthcare Partners, founded in 1991, is a leading private equity firm specializing in the healthcare sector. Frazier has raised over $7 billion in total funding and invested in over 200 companies in transactions ranging from the acquisition of profitable healthcare companies to venture capital and company formations. Frazier’s philosophy is to partner with a strong management team, using its internal operational resources and network to build great companies. Frazier has offices in Seattle, Washington and Menlo Park, California, as well as extensive investments in the US, Canada and Europe. For more information about Frazier Healthcare partners, visit www.frazierhealthcare.com.
Stacy Peverly Sales Manager Inside, EPTAM Precision Phone: (603) 729-5010 Email: SPeverly@eptam.com
Stacy Peverly Sales Manager Inside, EPTAM Precision Phone: (603) 729-5010 Email: SPeverly@eptam.com
Post time: Oct-28-2022