|FOR IMMEDIATE RELEASE||
Chris Tofalli Public Relations, LLC
+1 914 834 4334
Logan, UT, January 26, 2009 - IMDS announced the completion of the acquisition of Cencast Corporation, a company based in Molalla, Oregon, that provides conventional and innovative precision metal casting solutions to the medical device industry. This acquisition further expands IMDS’ position as a premier outsourcing partner for medical device OEM’s.
“Cencast Corporation, as part of IMDS, will bring improved lead times to our customers who outsource products that are manufactured from castings,” stated Wade Fallin, President and CEO of IMDS. Fallin continued, “Cencast is a natural fit with IMDS’ focus on innovation and speed to market. As an example, Cencast has the unique ability to fabricate medical devices using a centrifugal casting process. This innovative process provides greater geometric accuracy and enhanced mechanical properties compared to conventional gravity pour casting processes, and makes casting a feasible and cost effective alternative for very small parts with intricate details.”
“Joining the IMDS family provides our customers with a complete supply chain solution,” stated Tim Hall and Ken Hall Jr., both Vice Presidents of Cencast, “and provides us with immediate access to substantial resources that will enable us to deliver on outsourcing programs of any scale. Given the current supply constraints that exist within the medical device casting industry, Cencast, as part of IMDS, will offer medical device OEM’s a reliable and highly responsive partner for products made from castings.”
IMDS provides customized outsourcing services, known as Product Life Cycle SourcingTM, to provide exceptional responsiveness at every stage of the product life cycle – from idea to sale:
Cencast Corporation will be an integral part of the IMDS Product Sourcing services.
IMDS (Innovative Medical Device Solutions) provides comprehensive product development and supply chain management solutions for medical device companies, with a focus on the orthopedic industry. IMDS is the integration of the following companies: Leis Medical, MedicineLodge, Frontier Biomedical, and Cencast Corporation.
Cencast Corporation is a contract manufacturer of medical devices produced from castings. Founded in 2005 by three principals that have over 90 years of combined experience in the casting and metallurgy industry, the company produces precision metal cast products in its state-of-the-art facility in Molalla, Oregon.
For additional information on IMDS, please contact:
SOURCE: IMDS and Cencast Corporation