H&T Presspart expands into the US market with Plas-Tech Engineering acquisition

H&T Presspart, a division of the Heitkamp & Thumann Group, reached agreement to acquire a majority stake in Plas-Tech Engineering, a privately-owned medical device manufacturer based in Lake Geneva, Wisconsin.

Plas-Tech Engineering is recognized as a trusted partner for complex, high-precision medical components and devices. The company focuses on the design, development, and manufacturing of parenteral syringe systems and medical devices for the pharmaceutical and biotechnology industries leveraging advanced molding technologies and design-for-manufacturing expertise to accelerate route-to-market of complex products.

The acquisition expands H&T Presspart’s manufacturing footprint into the United States and reinforces the company’s vision of being the most trusted and customer focused manufacturer of drug delivery devices in the world.

Christian Krätzig, president of H&T Presspart: “Plas-Tech Engineering is an excellent strategic fit for the H&T Presspart business. Plas-Tech's proprietary portfolio of polymer prefilled syringe systems and its expertise in bespoke solutions for parenteral and medical device applications complements our offering and capabilities in the growing parenteral market. In addition, Plas-Tech's site in Lake Geneva opens new opportunities to serve our joint customer base globally.”

Aaron Hirschmann, president and CTO of Plas-Tech Engineering says, “With its long-standing experience in the development and manufacturing of components and devices for the global pharmaceutical industry, H&T Presspart is the right home for Plas-Tech and its employees. Together, we will create strong synergies and drive shared growth.”

Hirschmann will remain with the business as a part of the executive leadership team and will continue to be a shareholder in Plas-Tech Engineering.

PMCF Investment Banking served as the exclusive financial advisor to Plas-Tech Engineering. Clearwater cF and Angle Advisors acted as financial advisors to H&T Presspart.