Nolato Medical acquires Contour Plastics
On July 23rd, 2010 Nolato signed an agreement to acquire the assets of Contour Plastics, Inc. This transaction is effective immediately.
The new venture will operate as Nolato Contour and with the additional resources of Nolato, move into areas such as contract medical device manufacturing, silicone injection molding and a global supply chain. This new venture will allow Nolato Contour to compete effectively and continue the growth we have experienced over the last 20 years.
Nolato Contour will continue the same strong relationships with our current customers and vendors, and the new venture will allow us to offer new services. Nolato will gain a United States presence in manufacturing and will work with Contour Plastics to push development and better serve the current Nolato customers in the United States. Nolato Medical has a strong sales presence in the United States particularly in the Midwest.
Nolato Medical is a division of the Nolato Group with headquarters in Torekov, Sweden. The company was founded 1938 and has been publicly traded at NASDAQ OMX Nordic exchange since 1984. Annual sales in 2009 were $350 million and the company employs more than 5000 people worldwide. The Nolato Group has 17 manufacturing plants located in Sweden, Hungary, China and India. With the acquisition of Contour Plastics we will add the United States to the global foot print, offering our customers a global supply in three continents.