STRATEC SE, Birkenfeld, Germany, signed an agreement to acquire Natech Plastics, Inc. (Natech), Ronkonkoma, New York. Natech designs and manufactures smart polymer-based consumables for customers in medical technology, in-vitro diagnostics, life sciences, consumer goods and specialist packaging solutions. The company has state-of-the-art production capacities for injection molding and assembly including cleanroom production.
Comments Marcus Wolfinger, CEO of STRATEC: “We are delighted to welcome Natech to the STRATEC Group. Natech’s complementary product and customer portfolio, together with new target markets, make it a perfect addition to our business model, which focuses on OEM partnerships. Natech also offers great potential for further targeted diversification in our business. The acquisition also means we have gained a US production site, which we intend to expand to include system production as well. This will enable us to address customer needs even more effectively in the future and further boost our position in what is an important market for us.”
Wolfinger continues by saying, “Thanks to the STRATEC Group’s already strong market position in smart consumables, particularly in cooperation with the leading players in the in-vitro diagnostics industry, we expect to see notable synergies in terms of sales and technology. We are convinced that, together with the management team around Thomas Nagler and their excellent network of contacts in our industry, we will consistently maintain Natech’s growth trajectory within the STRATEC Group and underpin this by gaining additional cooperations.”
Adds Thomas Nagler, CEO of Natech: “Natech has grown at an enormous pace in recent years and built-up great expertise and customer confidence. I am sure that, as part of the STRATEC Group, we will lever our potential even more successfully in the future. All our managers are highly motivated, as is the whole of our workforce of more than 70 people, and I look forward to the tasks ahead, to working together, and to building our common future.”
For more information, visit www.stratec.com.