Arterex Adds Medical Extrusion Expertise to Portfolio

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Global medical device developer and contract manufacturer Arterex officially announced today that it has acquired Xponent Global Inc., a supplier of extruded tubing for the medical industry.

Operating eight extrusion lines across 55,000-square-feet of manufacturing space, including a Class 8 cleanroom, Xponent Global provides precision filaments, over-the-wire extrusion, and single- and multi-lumen, tapered, and para tubing for a range of medical applications, including neurological and laparoscopic devices.


Founded in 1937, Xponent Global brings more than 80 years of expertise to the company, said Arterex North America President Bill Gerard. “With this acquisition, we can serve the extrusion needs of our North American customers locally at the highest global industry standards,” he noted.


Medical tubing market growing at 8.5% CAGR:

The global medical tubing market is projected to grow at a compound annual rate of 8.5%, reaching a value of $19.5 billion by 2023, according to a market report from Grand View Research. North America historically has accounted for the largest revenue share and is forecast to remain the dominant market although Asia Pacific is the fastest growing region, according to the report. The acquisition of Xponent Global gives Arterex a foothold in this market. Its portfolio of companies includes PVC compounder Modenplast, injection molders Formula Plastics, Micromold, and Luc & Bell, among other suppliers to the medtech sector.


Initially a producer of extruded plastic tape coverings for cable used by the US Navy, Xponent Global currently serves the medical industry with 1- to 3-inch-diameter extruders, along with secondary machining capabilities such as inline printing, stamping, cutting, slitting, punching, flaring, and downstream packaging. ISO Class 8 cleanroom extrusion allows the processing of high-quality products that can be supplied in bulk form or further processed into finished assemblies, the company said.


Manufacturing base spans four continents:

Arterex operates 14 state-of-the-art manufacturing facilities across the US, Mexico, Italy, Egypt, and India, and it employs more than 2,000 people. It offers a range of services to medical device OEMs, including design and development, engineering, compounding, extrusion, injection molding, tooling and mold builds, and advanced assembly.


source: Plastics Today

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