Cadence Inc. Acquires Plainfield Precision Units
Staunton, VA – Contract manufacturer Cadence Inc. has acquired three operating business units of Plainfield Precision Holdings.
The operating units are Plainfield Precision – Sturgeon Bay, Wisconsin; Plainfield Precision – Plymouth, Massachusetts; and Plainfield Precision – Santo Domingo, Dominican Republic.
Cadence is a leading contract manufacturer and maker of complex components and sub-assemblies for medical device and life sciences companies, while Plainfield Precision Holdings is a highly specialized solutions provider of assembled products that integrate stamped metal and molded plastic components.
The acquisition, said Cadence, “firmly positions Cadence within the top global providers of technologies and services used in advanced surgical products, while Plainfield Precision Holding’s unique portfolio provides key building blocks for our supply chain integration strategy,” said Alan Connor, Cadence CEO.
“Our customers are increasingly looking to more strategic partners to fulfill their supply chain requirements. With our broad base of capabilities, including plastics and metals, Cadence is well positioned to meet these evolving contract manufacturing needs,” he added.
Financial details of the acquisitions were not disclosed.