CADENCE ANNOUNCES THE ACQUISITION OF ARC GROUP WORLDWIDE'S FLORIDA LOCATION
October 04, 2023 at 08:26 am EDT
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Cadence, Inc., a leading provider of design, development, and contract manufacturing services to the medical device, drug delivery, and diagnostics markets, announced today that it has acquired the Florida location of ARC Group Worldwide (arcw.com), a precision manufacturer specializing in Metal Injection Molding (MIM) and cleanroom plastic injection molding.
ARC Florida is located in DeLand, Fla.
'Acquiring ARC Florida is another major step in our strategy to be a leading medtech manufacturing partner to our customers, providing complete solutions from early-stage development to scaled manufacturing. By adding MIM to the Cadence portfolio, we further expand our vertical manufacturing platform with another cost-effective method to increase volume production as products reach scale,' stated Rob Werge, Cadence's President and Chief Executive Officer. 'We look forward to leveraging the company's deep expertise in high-precision metal injection molding for medical devices and combining it with Cadence's suite of capabilities across seven locations worldwide, to fully realize the value created through our unique integrated model.'
Cadence has experienced strong growth in recent years across its medical and drug delivery markets served, and ARC Florida further extends Cadence's capabilities and market focus. Earlier this year, the company also announced the acquisition of Utitec, Inc., adding precision deep draw technologies to its suite of capabilities. With the new addition of MIM and cleanroom plastic injection molding, the company is well positioned as a trusted supplier of full-service contract manufacturing solutions.
'With the accelerated growth in minimally invasive and robotic assisted surgeries, customers are increasingly looking to consolidate metal suppliers with full capabilities from machining, MIM, stamping, deep draw, laser welding, sharpening and plastic insert molding to reduce the long tail of metal suppliers,' said Werge. 'Cadence is now ideally suited to be a contract manufacturer of choice to help drive both innovation and scaled production throughout the product lifecycle, while helping drive metals supplier consolidation.'
Metal Injection Molding (MIM) is a manufacturing process that utilizes an injection molding technique similar to plastic injection technology, but instead of using plastic materials such as polypropylene or polycarbonate, for example, it uses a metal/thermoplastic feed stock to create components with complex geometries for a fraction of the cost of other manufacturing technologies (i.e., machining, stamping, casting, etc.). This novel technology strongly aligns with Cadence's current in-house service offerings and customers' requirements for a fully integrated, medical-focused contract manufacturing partner.
RM2 International, Inc. is the owner and operator of the BLOCKPal, a technologically advanced, composite pallet. The Company provides its customers with end-to-end logistics Intelligence Optimization & Tracking (RM2 ELIoT) Internet of Things (IoT) technology for pallet traceability, delivering real-time actionable insights and data to improve the supply chain visibility to the manufacturing and distribution businesses it serves. The BLOCKPal pallets are provided to customers across a range of industries, with a particular focus on those where hygiene and traceability are of critical importance. Its IoT sensor data are transmitted to the cloud via the long-term evolution-machine (LTE-M) network, making visible the palletâs location and condition both indoors and in transit without requiring any additional hardware or information technology (IT) development. The Companyâs RM2 ELIoT is a cloud-based supply chain intelligence platform. It issues more than 1.5 million pallets annually.
RM2 INTERNATIONAL, INC. 
