SyBridge Technologies, a global industrial technology company headquartered in Southfield, today announced the acquisition of Wachusett Precision Tool (WPT), a designer and manufacturer of a full range of prototypes, pilots, and class 101 production molds for the medical products, medical devices, and consumer packaging industries.
Terms of the transaction were not disclosed.
“WPT is one of the fastest growing tooling companies in North America and will accelerate SyBridge’s expansion in the strategically important life sciences and consumer markets,” says Tony Nardone, CEO of SyBridge.
“The combination of WPT and SyBridge Life Sciences’ existing northeast facility in Erie, PA will give us a strong presence in serving our customers in the region. In addition to the Rancho Cucamonga, CA, facility, SyBridge can increasingly seamlessly serve life sciences customers coast-to-coast.”
Based in Fitchburg, Mass., WPT has a dedicated clean room environment and is capable of supportive low volume medical molding during the product certification or ramp-up phase. WPT is close to many pharmaceutical, medical devices, and consumer products customers.
As a part of SyBridge’s Life Sciences business unit, WPT will leverage the SyBridge platform’s design, engineering, supply chain, and production capabilities to better serve and grow with its customers in the Northeast region and serve SyBridge’s broader global customer base.
“WPT’s current owners Mike Carignan and Matt Saunders have been instrumental in building a best-in-class medical tooling company in a very short time. Their addition to the SyBridge team will strengthen our business,” says Bill McDonough, president of SyBridge’s Life Sciences business unit. “We are excited to welcome new team members and work together to continue to provide the quality and innovation that underpins our customers’ success.”