WAUKEGAN, IL. (December 4, 2012) – Laserage Technology Corporation, a global contract manufacturing source for precision laser processing, is pleased to announce the acquisition of a majority interest in Venta Medical, a turn-key medical contract manufacturer located in Silicon Valley California.
The Laserage executive team, together with the founders of Venta Medical, see this as an opportunity to accelerate their growth in the medical contract manufacturing marketplace. Laserage’s ability to bring long-term capital support and enhanced operational resources to Venta Medical provides customers of both companies with dependable, single-source manufacturing solutions. Laserage views the partnership as a strategic move strengthening its contract manufacturing capabilities and an opening for further geographic penetration in the medical device market.
“This is an opportunity for Laserage to enhance our existing service offerings, while establishing a California presence to serve the critical needs of emerging companies in the medical technology arena.” stated Steve Capp, Laserage President and Chief Executive Officer. “This also increases Laserage’s ability to provide more comprehensive, locally based services, including cleanroom assembly, to our many
existing California customers.”
“Laserage’s participation allows Venta to expand its supply chain service offerings, which already includes plastics, through our existing strategic alliance with Delta Pacific (www.deltapacificinc.com), a recognized leader in medical device injection molding. Laserage’s precision laser processing further expands the comprehensive, in-house services that Venta has been providing,” said Karl Im, Co-Founder and Chief Executive of Venta Medical. “This also reinforces the continued emphasis of Venta to be the most comprehensive manufacturing service provider in the market, and leverages the resources of Laserage to expand our national presence with larger MNC’s,”
This announcement of majority interest acquisition is also being released today at the BIOMEDevice show in San Jose, CA. For more information about Laserage Technology or Venta Medical, please visit our websites at www.laserage.com or www.ventamedical.com, or stop by and see us at BIOMEDevice (Laserage, Booth #1338 and Venta Medical, Booth #1339).
About Laserage Technology Corporation Inc.
Laserage Technology Corporation, a privately held corporation founded in 1979, is an ISO:13485-2003 registered, global precision laser contract manufacturer servicing the medical device, aerospace and industrial business to business arenas.
Laserage is a value added outsourcing partner in R&D, pilot production, and volume production stages of medical device development and manufacturing, delivering unsurpassed customer service and quality components to the medical device community.
Product capabilities include medical implants and components, medical instruments, electronic substrates, and aerospace flight critical assemblies and secondary operations. As well as, laser machine plastics, composite materials, Ceramics, and Cable Assemblies for which they received the Rockwell Collins President's award for high reliability, excellent quality and superb response.
About Venta Medical Inc.
Venta Medical is a turn-key, medical device contract manufacturer providing comprehensive manufacturing services to medical and life science companies. Venta Medical provides full service manufacturing solutions (planning, procurement, production and distribution) to
established OEMs and start-ups.
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