# Gongdong Medical acquires core assets of Trademark Plastics for $42M

Zhejiang Gongdong Medical Technology Co., Ltd, through its US subsidiary GD Medical Inc., signed an asset purchase agreement to acquire the core assets of Trademark Plastics, Inc. (TPI), a California-based manufacturer of polymer disposable medical consumables, for an estimated $42 million.

- Type: Acquisition
- Announced: 2022-12-20
- Where: California, USA, United States
- Value: $42.0M
- Status: announced
- Products: polymer disposable medical consumables, medical parts
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Zhejiang Gongdong Medical Technology](https://endata.com/companies/67429.md) (acquirer)
- [Trademark Plastics](https://endata.com/companies/67430.md) (target)

## Sources

- [en.gongdong.com](https://en.gongdong.com/Gongdong-acquires-core-assets-of-U-S-company-Trademark-Plastics-Inc-id43309526.html), 2022-12-20: "The estimated purchase price of this transaction is US$42 million, and the final purchase price will be adjusted accordingly based on the seller's liabilities, accounts payable and estimated closing transaction costs on the closing date."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.