- people on the move
Fabricator acquires Tennessee medical device supplier
A West Michigan fabricator has acquired a Tennessee firm that provides products to the disposable medical device market.
Kentwood-based Action Fabricators, 3760 E. Paris Ave. SE, has purchased CSI Medical Inc. of Nashville, Tennessee.
CSI Medical is a manufacturer and provider of disposable skin contact tape devices, products and components to the medical device industry.
Action is a flexible materials converting company providing custom-made tapes, adhesive and non-adhesive-backed foams, rubbers, plastics and other specialty materials for a wide range of applications in the automotive, electronics, appliance, security, furniture and health care industries.
Action officials said CSI will retain its name and continue to operate from its current facilities as a stand-alone, wholly owned subsidiary of Action.
The 75 current CSI employees will retain their current positions, as will CEO Fred Knox III.
Additional hiring is also likely in the areas of sales and marketing.
As part of the acquisition, CSI will begin the manufacture and distribution of disposable and non-disposable medical and health care products for another Action subsidiary, Laminin Medical Products, located at 4053 Brockton Drive SE, Grand Rapids.
Jon Rudolph, president and CEO of Action, said the acquisition of CSI is part of Action’s “strategic approach to growth,” which he said is focused on both organic growth and growth through the acquisition of companies that “complement and expand” Action’s products, services and markets.
“CSI Medical is exactly the type of company we are excited to have join our team,” he said.