Integrated Polymer Solutions (“IPS”), a portfolio company of Arcline Investment Management, announced this week that it has acquired IRP Group.
IRP designs and manufacturers elastomeric sealing components from its facilities in Southern California. Founded in 1999, the company is focused on the Class I and II medical device market as well as the aerospace & defense market.
“IRP has found an ideal partner in IPS that will continue the company’s growth trajectory in our critical markets while developing our employees and delighting our customers with strong technical solutions, excellent delivery and quality performance,” Trujillo said in a news release. “As senior advisor and significant investor in IPS, I look forward to supporting the company’s future business expansion, especially in the specialty medical components sector.”
“Rod and his team have built a remarkable group of companies that serve very attractive markets with technologies and products that are complementary to IPS,” added IPS CEO Rich McManus. “We are delighted that both Rod and Casper Zublin, president of IRP, have agreed to continue as senior advisors for Arcline and IPS so we can draw from their deep expertise. We look forward to supporting the IRP leadership team with resources and investments to continue developing new products and capabilities.”
IPS’ products include elastomeric seals, gaskets, tooling, hoses, ablatives, EMI/RFI/thermal shielding products, encapsulated O-rings and composite APU plenums and ducts. William Blair acted as financial advisor to Arcline.
Original Article: (http://feedproxy.google.com/~r/MedicalDesignAndOutsourcing/~3/VJIOisK_lb0/)
