SRP Advisors, LLC Represents Flexan in Acquisition of MEDRON

 

We are pleased to announce that SRP Advisors, LLC initiated the transaction and acted as financial advisor to Flexan Medical Holdings, LLC in connection with the acquisition of MEDRON Inc. Flexan is a leading global manufacturer of high-precision elastomer parts that are critical components in a broad array of products and industry applications. Headquartered in Chicago, IL, Flexan has over 500 employees and three manufacturing facilities, and operates two distinct but complementary business units (FMI and Flexan). FMI delivers clean-room manufactured silicone rubber molded components for use in Class II disposable and Class III implantable medical devices. Flexan is a custom molder whose expertise in molding difficult geometries and bonding rubber to metal has earned the company the reputation as an innovative provider across numerous attractive healthcare and industrial markets. Based in Salt Lake City, UT, Medron serves the outsourcing needs of medical device companies around the world by providing high volume manufacturing, customer private label capability, design engineering, product development, and prototyping. Medron has extensive working expertise in a wide range of materials, including medical grade urethanes, silicones and engineering thermoplastics.

This transaction extends the successful track record of SRP Advisors working with leading companies in the medical device manufacturing market.

“Medron’s reputation for providing high quality products from design to product launch and ongoing manufacturing support aligns well with our platform of providing long-term and short-term implantable silicone components. We are excited about the combination of our great brands, and our great people.”

Jim Fitzgerald
President & CEO
Flexan Medical Holdings

For more information about this transaction or the merger and acquisition advisory services of SRP Advisors, LLC, please contact Sean Prendergast, Managing Partner at 818-514-8959.

About Flexan Medical Holdings, LLC
Founded in 1946, Flexan is a leading global manufacturer of high-precision elastomer parts that are critical components in a broad array of products and industry applications. Headquartered in Chicago, IL, Flexan has over 500 employees and three manufacturing facilities, and operates two distinct but complementary business units (FMI and Flexan). FMI delivers clean-room manufactured silicone rubber molded components for use in Class II disposable and Class III implantable medical devices. Flexan is a custom molder whose expertise in molding difficult geometries and bonding rubber to metal has earned the company the reputation as an innovative provider across numerous attractive healthcare and industrial markets. For more information, please visit www.flexan.com and www.fmimed.com.

About Medron Inc.
Since 1994, Medron has successfully served the outsourcing needs of medical device companies around the world. Medron has attracted and maintains loyal customers who rely on us for a wide range of outsourcing services, including high volume manufacturing, customer private label capability, design engineering, product development, and prototyping. Medron has extensive working expertise in a wide range of materials, including medical grade urethanes, silicones and engineering thermoplastics. Using state-of-the-art machinery, Medron creates unique solutions that meet a wide range of customer fabrication needs. For more information, please visit www.medroninc.com.

About SRP Advisors, LLC
SRP Advisors, LLC provides merger and acquisition advisory services to both buyers and sellers of middle market companies. SRP Advisors works with owners of private companies across all industry segments who might be interested in exploring alternatives for their company such as a full or partial sale of the business, an investment in the business from a private equity group, or a transition of ownership to management or the next generation of family. SRP Advisors also provides strategic acquisition advisory services for public, private and private equity sponsored companies looking to grow their business through mergers and acquisitions. Contact Sean Prendergast, Managing Partner at 818-514-8959 or visit www.SRPAdvisorsLLC.com.