CardioTech buys CarTika
This article was originally published in The Gray Sheet
Executive Summary
Contract manufacturer CarTika will add over $7 mil. to CardioTech sales over the next year, CardioTech says. CarTika, acquired Nov. 22, makes catheters, injection moldings, pad printing and thermoformed polymer products. The purchase will "substantially increase our share of the medical device contract manufacturing market." Cardiotech estimates the market at $1 bil. annually. Corporate sales totaled $10.9 mil. for the six months ended Sept. 30...