Aspen Surgical Products acquired a company that makes personal protective equipment for the health care industry.
Caledonia-based Aspen Surgical said Monday that it acquired Arden, North Carolina-based Precept Medical Products.
Terms of the deal were not disclosed.
Precept designs, manufactures and markets nonwoven, single-use disposable protective medical apparel that addresses infection control challenges faced by health care professionals with a strong emphasis on the U.S. market. Its products include the Fogshield brand surgical face mask and a full line of procedure face masks, nonsurgical isolation gowns, lab jackets, scrubs, coveralls, patient gowns, lab coats and cold therapy packs.
“The Precept acquisition is a wonderful synergistic fit for Aspen, (and) it also enhances our portfolio with products that are critical for the health and safety of health care professionals,” said Jason Krieser, CEO of Aspen. “We feel strongly in the quality of Precept’s North American-manufactured PPE products, and we look forward to carrying on their mission to help fight preventable infections now at this critical time of pandemic and beyond.”
With Precept’s manufacturing facility in Agua Prieta, Mexico, and distribution warehouses in Douglas, Arizona, and Richmond, Virginia, Aspen has gained about 200,000 square feet of “highly efficient and cost-effective” manufacturing and distribution capacity, according to Aspen.
“With common manufacturing, regulatory, sales and distribution processes, we believe that bringing Aspen Surgical and Precept together will result in multiple opportunities to better serve our customers more efficiently and effectively,” said Greg Muller, CFO of Aspen. “To that end, we are also immediately investing in new capital at the Precept facility, which will increase capacity of PPE that can be provided to our U.S. customers in the midst of COVID-19.”
Aspen Surgical Products
Founded in 1999, Aspen Surgical is a global manufacturer of surgical disposable products.
The company’s portfolio of specialty medical products and surgical instruments includes Bard-Parker blades and scalpels, operating room accessories, patient and staff safety products, basic wound care products and instrument care products.
Aspen’s facilities in Caledonia and Las Piedras, Puerto Rico, offer vertically integrated, domestic manufacturing capabilities, including injection molding, die cutting, converting, assembly and packaging, as well as blade stamping, grinding and finishing.