Auburn-based Currier Plastics is expanding its medical device capabilities through the acquisition of Sage Product Development, a Massachusetts engineering and design firm that helps take medical products from concept through commercialization.
Sheridan Capital Partners, which owns Currier, announced the deal Aug. 7. Terms of the acquisition were not disclosed.
Sage, based in Foxborough, Massachusetts, specializes in medical device engineering and product development. The company has worked on disposable and reusable devices, implants, electro-mechanical products, flexible endoscopes, catheter-based systems and other minimally invasive technologies.
The company says it has worked with more than 100 clients and contributed to more than 220 issued patents.
Currier CEO Andrew McLean said the acquisition will allow customers to work with one company through more of the product-development process, from early concepts and engineering through large-scale manufacturing.
Currier, founded in 1982 and headquartered on Columbus Street in Auburn, is a contract development and manufacturing organization serving life sciences companies. Its work includes custom precision plastic components, cleanroom manufacturing, design engineering, material selection and assembly.
Sage adds expertise earlier in the development cycle, including concept development, feasibility work, project management and engineering.
Jeffrey Cerier, a co-founder of Sage, said joining Currier will give the Massachusetts company greater resources while combining the experience of the two organizations.
Sheridan Capital Partners said the acquisition is intended to strengthen Currier’s position as a full-service contract development and manufacturing organization for the life sciences sector.
Sheridan is a Chicago-based private equity firm focused on health care businesses, including manufacturing, outsourced services, technology and health care providers.
The acquisition expands the reach of one of Auburn’s established manufacturers while giving Currier a broader role in the development of medical devices before they reach the manufacturing stage.
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