Two Utah firms, Biomerics of Salt Lake City and Springville’s ATL Technology, have formed a joint venture to purchase Indianapolis-based Catheter Research Inc. (CRI) along with its facility in Costa Rica. CRI is a manufacturer of interventional catheters, tube sets and other assemblies for medical devices, with expertise in tube extrusion, catheter assembly, and final FDA product packaging for sterilization. CRI services OEM customers as well as sell their own catheter line under the brand Thomas Medical.
“This acquisition is consistent with Biomerics’ strategy to expand and invest in additional production and engineering capabilities to develop a global competitive advantage,” said Travis Sessions, CEO of Biomerics. “CRI’s products, manufacturing locations and technology complement our current portfolio and broaden our product offering.”
“Through the addition of CRI, we are in a position to serve the medical device industry at an even higher level,” said Brad Brown, CEO at ATL. “This expansion of our global network offers numerous benefits to both national and international OEMs. Now, combining ATL's connector know-how with CRI’s catheter capabilities, we will make optimal use of our expertise and specialties relating to catheters and custom engineering in delivering a best-in-class product.”
CRI has manufacturing both domestically and outside the U.S. The employees at these locations will be working closely with teams from ATL and Biomerics throughout the integration process and as they work to expand the Costa Rica operation.
Biomerics specializes in the design, development and production of medical devices for diagnostic and interventional procedures for the cardiovascular, structural heart, cardiac rhythm management and vascular access markets. The company, formed in 2009, has five locations, including facilities in Minnesota and Utah.
Founded in 1993, ATL Technology delivers connectivity solutions for medical devices, including connectors, wire design, overmolding, wire harness automation, surface mount technology and injection molding.