Cadence acquires three operating business units of Plainfield Precision Holdings
Published on August 5, 2014 at 3:27 PM
Precision Plastic Injection Molding, Metal Stamping and Nearshore Operations
Cadence, Inc., a leading contract manufacturer and maker of complex components and sub-assemblies for medical device and life sciences companies, today announced that it has acquired three operating business units of Plainfield Precision Holdings. The operating units are Plainfield Precision – Sturgeon Bay, WI; Plainfield Precision – Plymouth, MA; and Plainfield Precision – Santo Domingo, Dominican Republic. Plainfield Precision Holdings is a highly specialized solutions provider of assembled products that integrate stamped metal and molded plastic components. This acquisition firmly positions Cadence within the top global providers of technologies and services used in Advanced Surgical products.
"Plainfield Precision Holding's unique portfolio of Precision Plastic Injection Molding and Metal Stamping Capabilities provides key building blocks for our supply chain integrationstrategy," said Alan Connor, CEO. "Our customers are increasingly looking to more strategic partners to fulfill their supply chain requirements. With our broad base of capabilities, including plastics and metals, Cadence is well positioned to meet these evolving contract manufacturing needs.
"We focus on minimally invasive surgical tools and this drives continued expansion of the capabilities of our trusted platform. Having nearshore operations located strategically in the Dominican Republic provides additional flexibility for our customers.
"Our success is a direct result of the hard work, innovation, adaptability, and integrity of our people. I am excited to welcome our new team members from the Plainfield family and look forward to their contributions to our on-going success," Connor added.