NEW YORK—ILC Dover, an affiliate of New Mountain Capital L.L.C., has acquired Flexan L.L.C., a medical device design and manufacturing organization that specializes in silicone, thermoplastic and specialty rubber components.
Terms of the transaction were not disclosed. The transaction was first announced in late July and completed in August, according to a New Mountain spokesman.
"Flexan's expertise in silicone molding and thermoplastic extrusion enables the company to deliver mission-critical components and devices to medical device manufacturers and ultimately improve patient care," New Mountain Managing Director Andre Moura said in a news release. "We look forward to working closely with the management teams at Flexan and ILC Dover to drive the next chapter of growth and innovation across life sciences markets."
Founded in 1946, Lincolnshire, Ill.-based Flexan serves many of the world's largest medical device companies.
The combined company will "leverage their respective expertise and capabilities to serve a broader client base situated in both medical device and bio-pharmaceutical end markets," New Mountain said.