Fenner buys silicone moulder

ERJ staff report (DS)

London -- Fenner PLC has acquired 100% of the share capital of MRI Medical, a privately owned corporation based in Tucson, Arizona, USA. Gross assets of $2.6 million were acquired through the transaction.

MRI Medical is a start-to-finish development and manufacturing company that designs, validates and manufactures cutting-edge, silicone-based devices for its customers, which are medical device companies.

"MRI Medical and Secant Medical, which we acquired as part of Prodesco in 2008, are both wholly engaged in the Medical industry, using business models which enable their customers to introduce less-invasive medical devices. The acquisition of MRI Medical is another important step towards the goal of building a significant presence for Fenner in the medical industry."

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Press release from Fenner