Precision Coating Co. Inc. has acquired a controlling interest in Medi-Solve Coatings LLC of Natick, MA. Medi-Solve Coatings is a hydrophilic coating provider focusing on medical device applications.
This transaction achieves a number of strategic goals for Precision Coating. Medi-Solve Coatings adds exceptional formulation and application experience in the medical device arena. The addition of hydrophilic coating capabilities to Precision Coating's offerings of fluoropolymer coatings will help meet a growing need of our medical device customers for coating formulation and technical expertise. For Katahdin, Medi-Solve Coatings adds another complementary coating platform to expand its portfolio of surface finishing and coating services, providing additional growth opportunities in the medical device coatings market.
"I am pleased that we are able to offer our medical device customers a broader range of dry and wet lubricious coating technologies that are critical to the end performance of so many devices," states Robert DeAngelis, president of Precision Coating. "Moreover, the experience of the Medi-Solve Coatings team will be extremely valuable as we continue to expand our coating capabilities."
Medi-Solve Coatings' President Ron Sahatjian Ph.D., adds, "By joining forces with Precision Coating, we will leverage our resources and technology to better serve our current and future customers. Being part of the Katahdin family of companies, with access to their technical and customer service resources, is an exciting way to grow our business."