Custom contract manufacturer and injection molder Teamvantage has acquired medical device manufacturer MMD Medical.
Forest Lake, Minnesota-based Teamvantage and Brooklyn Park, Minnesota-based MMD Medical did not disclose terms of the deal in their announcement this week.
Teamvantage said the combination could add significant value for customers with the additional scale and capacity, operational efficiencies and expanded access to major medical customers.
“Teamvantage is on a strong growth trajectory, and this partnership enhances our ability to provide creative solutions for our customers’ unique manufacturing challenges and compete in the global marketplace,” Teamvantage CEO Dave Hemink said in a news release. “MMD Medical’s capabilities and processes are very complementary to the Teamvantage platform, providing a fully integrated, single source with differentiated precision manufacturing capabilities to serve a broad base of current and new customers.”