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Helix Medical buys Kentucky firm

By   /   Thursday, October 18th, 2012  /   Comments Off on Helix Medical buys Kentucky firm

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Helix Medical, a Carpinteria-based manufacturer of medical devices, has acquired Kentucky-based MedVenture Technology Corp., it said Oct. 17.

The Carpinteria company purchased MedVenture, a medical device design, development and manufacturing company that also has offices in Indiana and Minnesota, from Ampersand Capital Partners, a Massachusetts-based private equity firm. Terms were not disclosed.

With 150 employees at its headquarters on Mark Avenue, Helix Medical is the fifth largest biomedical and biotech company in the Tri-Counties, according to Business Times records. MedVenture employs more than 260 people.

“MedVenture will deepen our resources in product design, development and engineering and enable Helix to offer more comprehensive product lifecycle management and be a stronger strategic partner to our customers,” Jorg Schneewind, Helix’s president and CEO, said in a news release.

Helix Medical is a division of the Freudenberg Group, a global custom manufacturer for the medical device and health care industries that has 10 manufacturing operations around the world.

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