Cadence, a number one contract producer of medical and drug supply units and specialty business merchandise, has acquired Utitec, a producer specializing in miniature, deep drawn medical system and business elements. Utitec is headquartered in Watertown, Conn., with a further medical facility situated in Alajuela, Costa Rica.

“Buying Utitec higher positions Cadence to guide the medical system contract manufacturing business via funding, innovation, and quicker progress to finest meet our prospects’ evolving wants,” states Rob Werge, Cadence president and CEO. “We stay up for leveraging the corporate’s deep experience in miniature, high-precision elements for medical units, whereas increasing our capabilities to incorporate deep draw and extra cleanroom meeting capability in Costa Rica to help new and switch merchandise for our prospects.”

Deep draw capabilities present a producing resolution at a decrease price than typical machined components because of diminished labor and high-volume throughput, supplying extremely engineered miniature and ultra-miniature metallic elements that strongly align with Cadence’s present service choices.

Brown Gibbons Lang & Firm served because the unique monetary advisor within the transaction of the sale.

Cadence is a full-service contract manufacturing accomplice, offering preliminary product design and growth via full manufacturing. Vertical integration allows Cadence to provide end-to-end product realization options centered on best-in-class whole worth for completed units. Cadence now employs over 700 folks worldwide with its company headquarters in Staunton, Va., and extra areas in Connecticut, Pennsylvania, Rhode Island, Wisconsin, and Costa Rica.