M&A Deal Summary

PolyMedex Discovery Group Acquires Putnam Plastics Company

On February 9, 2009, PolyMedex Discovery Group acquired plastics company Putnam Plastics Company from Memry

Acquisition Highlights
  • This is PolyMedex Discovery Group’s 1st transaction in the Plastics sector.
  • This is PolyMedex Discovery Group’s 1st transaction in the United States.
  • This is PolyMedex Discovery Group’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2009-02-09
Target Putnam Plastics Company
Sector Plastics
Buyer(s) PolyMedex Discovery Group
Sellers(s) Memry
Deal Type Divestiture
Advisor(s) Covington Associates (Financial)

Target

Putnam Plastics Company

Dayville, Connecticut, United States
Putnam Plastics Corporation has been a leader in medical tubing for nearly three decades with a focus on small diameters used for life saving vascular catheters and minimally invasive medical devices.

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Buyer(S) 1

Buyer

PolyMedex Discovery Group

Putnam, Connecticut, United States
Category Company
Founded 2009
Sector Healthcare Services
DESCRIPTION

PolyMedex Discovery Group, Inc., through its subsidiaries, provides specialty polymers, custom polymer blends, custom extrusions, and contract material blending for drug delivery to the medical industry.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1

Seller(S) 1

SELLER

Memry

Bethel, Connecticut, United States
Category Company
Founded 1981
Sector Manufacturing
DESCRIPTION

Memry provides design, engineering, development, and manufacturing services to the medical device and other industries using the Company's proprietary shape memory alloy technologies. Memry was founded in 1981 and is based in Bethel, Connecticut.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Mergr

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