TEAM Technologies buys PDC

TEAM Technologies Inc., North American engineering solutions and specialty manufacturer focused on serving healthcare end markets, has acquired Precision Die Cutting, LLC (PDC), a medical specialty manufacturer specializing in skin-contacting technologies and infection prevention products. Financial terms were not disclosed.

PDC has a long track-record of delivering high-quality products and engineering solutions to its base of blue-chip healthcare customers. TEAM Technologies meets the needs of healthcare product companies seeking innovative and efficient commercialization, product development, and manufacturing solutions by providing product design and development to finished device manufacturing, assembly, and packaging. The combination with PDC further augments TEAM’s existing capabilities in die-cutting, laminating, and device assembly, having previously acquired Baril Corporation in August 2020.

“We are excited to welcome PDC as we continue to expand our manufacturing capabilities in high growth, recession-resistant healthcare verticals,” Marshall White, president and CEO of TEAM told the press. “The acquisition of PDC will allow us to scale our world-class healthcare manufacturing platform by enhancing our portfolio of capabilities to serve our OEM customers. We would like to welcome Steve, his team and their customers to the TEAM family, and we look forward to continue growing the combined business.”

“The combination with TEAM marks a new phase in PDC’s growth and evolution,” said Steve Gasparrelli, CEO and founder of PDC. “With the integration of our complementary product offerings and manufacturing capabilities, TEAM is well-positioned to provide our combined customer base with an ever-expanding range of high-quality products to address their most critical needs.” MPO Mag