If you look up the word ‘synergy’ in the dictionary, you find that it’s defined as “the interaction of elements that when combined produce a total effect that is greater than the sum of the individual elements.” We believe that this could also describe our recent acquisition of Venta Medical LLC, as we bring two dynamic teams together in the medical contract manufacturing sector: an effect greater than the sum of its parts.
On December 31, 2013, we finalized the process of acquiring the talents of the Venta Medical family. While we had formed close business relations over the past few years, we felt it was at last time to make the relationship permanent and complete.
As you know, Venta Medical is a medical device contract manufacturer that offers complete supply chain management, eliminating the frustrations and bottlenecks traditionally associated with multiple points of sourcing. The folks at Venta Medical are experts in material planning and procurement, incoming inspection, assembly, packaging, sterilization coordination, and express shipment, among other things. Located in Union City, Calif., on the San Francisco Bay, Venta Medical is managed by experienced, qualified medical device manufacturing and quality assurance personnel operating from a state-of-the-art, ISO-13485:2003 certified, California FDB-licensed, and FDA-registered facility.
The Laserage executive team and the leaders of Venta Medical view the acquisition as a strategic move strengthening our overall contract manufacturing capabilities and an opportunity for further geographic penetration in the medical device market.
“We are pleased with the growth we have seen over the past year and feel we are exceptionally positioned in the marketplace. The acquisition leverages the combined resources of Laserage and Venta, expanding our global presence and strengthening our continued emphasis to be a leading precision laser and contract manufacturing service provider,” Laserage President and Chief Executive Officer Steve Capp said recently. “The opportunity for Laserage to enhance its existing service offerings and establish a California presence has been key in servicing the critical needs of emerging companies in the medical technology arena.”
“This acquisition continues to strengthen Venta’s position and ability to provide more comprehensive services to our many existing customers, locally and around the globe,” said Karl Im, co-founder and chief executive of Venta Medical. “With Laserage’s precision laser processing and the turnkey contract manufacturing services that Venta offers, we envision a successful future.”
We welcome the team of Venta Medical to the Laserage family and look forward to working with them closely in the promising years ahead. If you’d like to learn more, please contact us today.