Cadence, Inc. Acquires New Capabilities, Expands Internationally

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Aug 05, 2014, 12:23 ET

STAUNTON, Va., Aug. 5, 2014 /PRNewswire/ --

Precision Plastic Injection Molding, Metal Stamping and Nearshore Operations

Cadence, Inc. headquarters located in Staunton, VA. (PRNewsFoto/Cadence, Inc.)

Cadence, Inc., a leading contract manufacturer and maker of complex components and sub-assemblies for medical device and life sciences companies, today announced that it has acquired three operating business units of Plainfield Precision Holdings. The operating units are Plainfield Precision – Sturgeon Bay, WI; Plainfield Precision – Plymouth, MA; and Plainfield Precision – Santo Domingo, Dominican Republic. Plainfield Precision Holdings is a highly specialized solutions provider of assembled products that integrate stamped metal and molded plastic components. This acquisition firmly positions Cadence within the top global providers of technologies and services used in Advanced Surgical products.

"Plainfield Precision Holding's unique portfolio of Precision Plastic Injection Molding and Metal Stamping Capabilities provides key building blocks for our supply chain integrationstrategy," said Alan Connor, CEO. "Our customers are increasingly looking to more strategic partners to fulfill their supply chain requirements. With our broad base of capabilities, including plastics and metals, Cadence is well positioned to meet these evolving contract manufacturing needs.

"We focus on minimally invasive surgical tools and this drives continued expansion of the capabilities of our trusted platform. Having nearshore operations located strategically in the Dominican Republic provides additional flexibility for our customers.

"Our success is a direct result of the hard work, innovation, adaptability, and integrity of our people. I am excited to welcome our new team members from the Plainfield family and look forward to their contributions to our on-going success," Connor added.

About Cadence, Inc.

Cadence, Inc. (http://www.cadenceinc.com) is a leading supplier of advanced products, technologies and services to medical device and life science companies worldwide. Cadence manufactures the critical elements of the most complex minimally invasive surgical devices in the world, enabling these devices to perform better and improve patient outcomes.

Our partners choose us for:

Critical components
Complex sub-assemblies
Complete devices

Our unique approach is called Outcome-based Manufacturing™.

Headquartered in Staunton, Virginia, Cadence now employs more than 400 people worldwide with other facilities in Cranston, RI, Pittsburgh, PA, Sturgeon Bay, WI, Plymouth, MA, and the Dominican Republic.

Photo - http://photos.prnewswire.com/prnh/20140805/133618

SOURCE Cadence, Inc.