DuPont is buying Spectrum Plastics Group for $1.75B

DuPont (NYSE:DD) has a deal to buy medtech supplier Spectrum Plastics Group from private equity firm AEA Investors.

The $1.75 billion deal is expected to close by the end of Q3 2023, subject to regulatory approvals and other customary closing conditions.

Atlanta-based Spectrum has more than 2,200 employees and provides advanced manufacturing of specialty medical devices and components. The contract manufacturer says its customers include 22 of the top 26 medical device original equipment manufacturers, with a focus on structural heart, electrophysiology, surgical robotics and cardiovascular.

Spectrum has consistently grown at high single-digit rates, Dupont said. The company estimated that 10% of DuPont’s total revenue will come from healthcare after the deal.

“We have been focused on Spectrum for a long time and our team is extremely excited for this opportunity,” DuPont CEO and Executive Chair Ed Breen said in a news release. “Spectrum is …

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DuPont opens new biopharma tubing plant in South Carolina

DuPont today announced it has opened its new DuPont Liveo Healthcare manufacturing site in Cooper River, South Carolina.

The site will be operated using the same quality standards as its Healthcare Industries Materials biopharmaceutical manufacturing site in Hemlock, Michigan. The South Carolina manufacturing site will add extrusion capacity online over the next two years to serve more strategic customers and expand its Liveo Healthcare customers with additional supply in the medium term.

Get the full story on our sister site, Medical Tubing + Extrusion.

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DuPont expands pharma bottle closure offerings

DuPont (NYSE:DD) has debuted a new line of Liveo-branded pharma bottle closures. The one-piece silicone stoppers and tubings are composed of biomedical-grade platinum-cured silicone elastomers. The pharma bottle closures are intended to seal threaded glass and plastic bottles and containers intended for critical fluid transfer, media and buffer pooling and storage, and sample collection in biopharmaceutical and biotechnology processes.

The Wilmington, Delaware–based company said that the Liveo product line is designed to reduce leak and contamination risk.

The company creates the one-piece silicone seal components based on end users’ specific needs. DuPoint manufactures the components in a clean manufacturing environment within an FDA-registered site in Michigan.

The bottle closures also support sterilization using autoclave and gamma irradiation.

The company offers the cured silicone seal parts that support GL45 and 38-430 neck bottles and contai…

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$4.2m project with GE would develop air transport vital-signs patch

The Nano-Bio Materials Consortium (NBMC) announced this week that it has launched a project with GE Research to develop a medical-grade wireless patch that monitors the vital signs of medical patients during emergency air transport.

The device would advance medical care coordination, records management and patient outcomes in aeromedical evacuation and help drive advances in consumer-based telehealth, according to the Milpitas, Calif.-based consortium. The 24-month project is funded at $4.22 million by the consortium, GE Research, the State of New York, State University of New York at Binghamton, DuPont and UES.

Get the full story on our sister site, Medical Design & Outsourcing.

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