Acquisition adds complimentary component technology for catheter solutions
South Plainfield, NJ—July 9, 2013—Vention Medical, announced today its acquisition of RiverTech Medical
, a leading supplier of polyimide tubing, braided polyimide, composite tubing and wire coatings for numerous medical devices and medical device applications.
With the acquisition of RiverTech, Vention continues to expand its extensive portfolio of advanced component technology offerings for the development and manufacture of catheter-based devices used in a range of interventional, surgical and minimally invasive procedures. RiverTech’s breadth of experience with polyimide tubing will add to Vention’s current capabilities including balloon catheters, catheter assemblies and a variety of other minimally invasive medical device applications.
Dan Croteau, CEO of Vention Medical said, "The addition of RiverTech further strengthens Vention’s ability to deliver innovative component technologies to our partners, allowing us to provide customers with more complex solutions faster. RiverTech’s talented team of experienced industry experts affirms our continued commitment to invest in leading edge technologies and solutions to better serve our customer’s needs. We are also excited that as a result of this transaction, RiverTech’s shareholders will become shareholders in Vention Medical and will continue to lead the RiverTech business."
Bruce Nichols, President of RiverTech Medical added, “Vention’s commitment to investing in strategic technologies aligns well with our shared focus on providing innovative solutions to our customers. Innovation, quality and fast delivery are what we have built our business on and Vention Medical’s focus on these three areas aligns perfectly with our expertise in polyimide.”
About Vention Medical
is an innovative, global medical device solutions partner offering clients more than 30 years of experience in all phases of design, engineering, component manufacturing, and finished device assembly. Vention Medical specializes in components and devices used in interventional and minimally invasive surgical products, including medical balloons, catheters, heat shrink tubing, clean room injection molding, finished device assembly and packaging services. Visit Vention at www.ventionmedical.com
Media Contact: Julie Schulte
Marketing Director, Vention Medical