We’re quite excited about the future and continuing to build our capabilities as a manufacturing platform for medical devices and providing complete solutions to customers for difficult and highly challenging applications.
COLUMBUS, Ohio (PRWEB)
July 05, 2022
Ernie Green Industries (EGI) announced today the sale of its medical device and diagnostics division, EG Medical, to Dunes Point Capital, LP (DPC). DPC is a family office and private investment firm whose mission is to build great companies through vision and long-term commitment. Over the past 20 years, the firm has either invested or overseen the investment of more than $4.5 billion in the general industrial and business service sectors.
With the transaction complete, the EG Medical division will be a new standalone company, while the Transportation and Consumer/Industrial divisions will continue to operate under the EGI umbrella.
As a vertically integrated, technology-driven manufacturing platform for the medical device, drug delivery, and pharmaceutical packaging industries, EG Medical will continue to focus on providing services and expertise in the production of highly complex and extreme precision parts. These include solutions that encompass tooling design and engineering, plastic injection molding, automation, testing, validation, and other value-added services to create state-of-the-art components that are used every day in critical health care settings including minimally invasive surgeries and robotic-assisted procedures.
“We’re quite excited about the future and continuing to build our capabilities as a manufacturing platform for medical devices and providing complete solutions to customers for difficult and highly challenging applications,” remarked Vinc Ellerbrock, President and CEO. “The infusion of fresh capital and resources from DPC positions our medical business for long-term sustainable growth. We intend to continue to invest in industry-leading technology not only in our advanced engineering and tooling center, but also in specialized areas of our molding operations to fuel and expand our growth,” he added.
About EGI
EGI is a vertically integrated plastic injection molding company providing customers in the automotive, medical, and consumer/industrial markets with R&D, design, engineering, tooling, and production expertise across the entire manufacturing process to deliver critical components and high precision products. Visit http://www.egindustries.com for more information.
About DPC
DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial and business services sectors. DPC targets companies with enterprise values of up to $1 billion. For more information, please visit http://www.dunespointcapital.com.
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