SyBridge Grows Medtech Footprint with Wachusett Buy
SyBridge Technologies announced today that it has acquired Wachusett Precision Tool (WPT), a moldmaker specializing in the medical device and consumer packaging sectors. The 11th acquisition since its founding in 2019, Sybridge said that the transaction further expands its footprint in the life science and consumer end markets. WPT complements SyBridge’s Life Sciences facilities in California and Pennsylvania with a center in Massachusetts.
A manufacturer of high-precision prototype, pilot, and production molds, WPT is capable of supportive low-volume medical molding during product certification or ramp-up phases. The facility is equipped with a cleanroom, and WPT’s location outside of Boston, MA, is in proximity to many pharmaceutical, medical device, and consumer product customers. As a part of SyBridge’s Life Sciences business unit, WPT will leverage the SyBridge platform’s design, engineering, supply chain, and production capabilities, said the news release.
“WPT is one of the fastest-growing tooling companies in North America and will accelerate SyBridge’s expansion in the strategically important life sciences and consumer markets,” said SyBridge CEO Tony Nardone. “The combination of WPT and SyBridge Life Sciences’ existing northeast facility in Erie, PA, will give us a strong presence in serving our customers in the region. In addition to the Rancho Cucamonga, CA, facility, SyBridge can increasingly seamlessly serve life sciences’ customers coast-to-coast.”
“WPT’s current owners Mike Carignan and Matt Saunders have been instrumental in building a best-in-class medical tooling company in a very short time. Their addition to the SyBridge team will strengthen our business,” said Bill McDonough, President of SyBridge’s Life Sciences Business Unit.