TruArc Partners, a private equity firm focused on the middle-market, has acquired Molded Devices, Inc, from PNC Mezzanine Capital and Molded Devices Founder Brian Anderson.
Molded Devices provides high-precision, value-added plastic and rubber component manufacturing solutions for medical and non-medical applications.
Molded Devices’ core manufacturing capabilities include injection molding, tube extrusion, blow moulding, dip moulding, and dip coating. The company also provides a range of value-added services including clean room assembly for advanced medical device production, product design and development, and engineering and tooling support – offering a full-suite of solutions to its customer base.
Jack Slinger will continue in his role with the company and Molded Devices founder Brian Anderson will remain as a key member of the board. Gregg Tobin, an Advisor to TruArc, will join as Executive Chairman. Jay Twombly, an Operating Partner at TruArc, will also join as a member of the board.
