CARPINTERIA, Calif. (Aug. 14, 2012)—Injection molder and medical device contract manufacturer Helix Medical L.L.C. is taking a 50 percent stake in a second Irish medical manufacturing company headed by Ireland medical entrepreneur John O'Shaugnessy.
The Carpinteria, Calif., company announced Aug. 13 that it intends to acquire a 50 percent stake in Cambus Medical, which makes high precision hypodermic tubes and micro-component solutions for advanced catheter systems at its plant in Spiddal, outside Galway.
Two years ago, Helix acquired a 50 percent stake in Irish specialty catheter systems and extruded medical tubing manufacturer VistaMed Ltd., which is based in Carrick-on-Shannon and has two plants in Ireland. O'Shaugnessy is chairman of both companies and sold a previous medical company he founded to Abbott Laboratories in 2001.
Under the agreement, which is expected to be completed by January, Helix will invest in an expansion of the capabilities of the Cambus plant, which would expand its work force from 50 to 85 by the end of 2013.
The plant's current manufacturing capabilities include injection molding, EDM and ECM machining, laser precision cutting, laser welding and marking, assembly and packaging.
Helix said the partnership with Cambus Medical will allow Helix Medical to offer a full range of components and design and manufacturing services for minimally invasive surgery devices. Hypodermic tubes are a critical component of catheter systems for diagnostic and therapeutic interventions.