The investment – which brings combined space of the St. Paul facility to 125,000 square feet – will increase the medical device contract manufacturer’s production capacity by 50%. Minnetronix has nearly doubled its employee headcount over the past two years to about 300 employees.
Also today, Minnetronix announced that Jeremy Maniak, COO of the company since 2013, has been promoted to company president. Maniak will continue to run Minnetronix operationally. Rich Nazarian, a company co-founder, will continue as CEO and chairman of the board.
“Jeremy’s appointment and the investments we are making in our operations are strong reflections of Minnetronix’ positive trajectory,” Nazarian said. “I’m excited that our team and enhanced facilities are really well-positioned to respond to the changing med-tech landscape and the increasing demand for our services and technologies.”
The company also dedicated a new product commercialization space designed to enhance product quality and speed up a product’s time to market.
Founded in 1996, Minnetronix has expertise focused on electronic and electromechanical devices.
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