Molded Devices acquisition of GlobalMed and Schauenburg-Truplast
We advised Molded Devices on the acquisition and the related financing arrangements
Davis Polk advised Molded Devices, Inc., a portfolio company of TruArc Partners, on its acquisition of two companies from Schauenburg Hose Technology, GlobalMed Inc. (Canada) and Schauenburg‐Truplast (China), and on the related financing arrangements. Financial terms of the transaction were not disclosed.
Molded Devices, Inc. produces various complex injection components used in medical devices, aerospace and industrial applications. Headquartered in Tempe, Arizona, Molded Devices has dedicated production facilities across the United States, Mexico, China and Canada. TruArc Partners is a private equity firm focused on middle-market control investments. TruArc focuses on companies in attractive sub-sectors across specialty manufacturing and business services.
Schauenburg Technology parent to Schauenburg Hose Technology Group and GlobalMed, is headquartered in Mülheim, Germany, and is a leading niche player in the field of plastic hose technology operating under the umbrella of Schauenburg Hose Technology. GlobalMed is a certified medical extrusion and tubing manufacturer with over 40 years of plastic extrusion experience. Schauenburg‐Truplast Hose Technology from China is a certified medical extrusion and tubing contract manufacturer for GlobalMed Inc. with over 16 years of plastic extrusion experience.
The Davis Polk corporate team included partner Evan Rosen and associates Heather Weigel and Natasha D. Shah. The finance team included partner J.W. Perry, counsel Robert F. Smith, and associate Natalie Lin. The investment management team included partner Michael S. Hong. The intellectual property and technology transactions team included partner David R. Bauer. The tax team included partner Ethan R. Goldman. The executive compensation team included partner Adam Kaminsky. Members of the Davis Polk team are based in the New York and Washington DC offices.