TEMPE, Ariz.—A medical molding plant in Tempe that Viant Medical Inc. closed in September is on the auction block.
KD Capital Auctions, part of KD Capital Equipment L.L.C. of Scottsdale, Ariz., will conduct the online-only auction at the shuttered factory Nov. 12. The event features more than 30 injection molding machines in clamping forces ranging from 55 tons to 400 tons. The presses for sale include some two-shot machines and rotary platens, as well as injection blow molding equipment. The plant has a clean room and metalworking equipment for its tool and die department.
Viant started out as MedPlast Inc., originally two medical molders formed by Baird Capital Partners in 2008. MedPlast hired Harold Faig, the former CEO of Tech Group Inc. and a longtime executive of Milacron Holdings Corp., to run the business. More acquisitions followed.
Baird sold MedPlast to Water Street Healthcare Partners, a Chicago-based strategic investment firm that owns numerous healthcare companies, which teamed with private equity firm JLL Partners for the deal in late 2016. The name later was changed to Viant, which has about 25 locations in the U.S.
In recent years, Viant has closed some medical molding factories, including plants in New Berlin, N.J., and Monticello, Iowa. Some of the equipment and personnel were moved to other Viant locations.