Medical device contract manufacturer Biomerics announced a deal to acquire the medical business of Precision Concepts.
Salt Lake City-based Biomerics said yesterday it plans to buy the medical business and assets of Mooresville, North Carolina-based Precision Concepts International and Winston-Salem, North Carolina-based Precision Concepts Group.
Biomerics did not disclose the terms of the deal, which is expected to close next month. Until then, the companies will operate independently.
The deal will push Biomerics’ total manufacturing footprint above 1.2 million ft2 across 13 locations. Biomerics said that will make it one of the world’s 10 largest interventional contract design and manufacturing organizations (CDMOs).
Precision Concepts medical operations are in Harrisonburg, Virginia; Mebane, North Carolina; Winston-Salem, North Carolina; Haina, Dominican Republic; and Alajuela, Costa Rica.
Biomerics said the deal makes it th…