Flexan

An affiliate of New Mountain Capital has reached a definitive agreement to acquire Flexan, a medical device contract design and manufacturing organization. Flexan will be acquired by ILC Dover, a New Mountain Capital portfolio company. The transaction is expected to close by August 2021.

Flexan LLC completed the acquisition of IntroMed LLC, a contract manufacturer of patented sheath introducers, for an undisclosed sum.

Medron L.L.C., a subsidiary of Flexan L.L.C., is expanding its thermoplastic capabilities by adding two new extrusion lines at its Salt Lake City site, expected to add 3-4 new jobs. Investment figures were not disclosed.

FMI, a subsidiary of Flexan Corporation, moved into new 6,500 m² headquarters in Chicago and constructed an ISO Class 7 clean room of 1,900 m², quadrupling production capacity for Class 2 and 3 medical device components.

Flexan acquired Medron, a medical device contract manufacturing services firm based in Salt Lake City, Utah. Terms were not disclosed.