Poba Medical Inc. (POBA) has announced its purchase of the assets of Byond Medical (BYOND) and the creation of a strategic partnership with the company. Byond Medical operates in both Rancho Santa Margarita, California, and Waco, Texas. The acquisition marks a significant step forward for both Poba Medical and Byond Medical. It brings together two long-time friends and respected medical device leaders, Doug Wilkins and Dan Kasprzyk, under one banner.
This acquisition will continue the growth and expansion efforts already underway at Poba Medical in Flagstaff, Arizona. These efforts include expanding the Class 100,000 cleanroom, expanding the customer base globally, and developing world-class capabilities in extrusion, blow molding, braiding, balloon folding, and complex catheter process initiatives.
Daniel J. Kasprzyk, President & CEO, commented: “The obvious synergy with our individual brands and 35 years of blow molding, extrusion, and catheter experience made this transaction a no-brainer. Doug’s classic hands-on balloon and catheter expertise will augment the young and ambitious team at Poba Medical. This will create seamless business integration for Poba Medical and BYOND’s global customers that we both presently serve.”
Doug Wilkins, founder of BYOND Medical, adds: “I am very excited about the opportunity to build onto the strong foundation that Poba Medical has created within the contract manufacturing space. The immediate opportunity in catheter and complex device assemblies within Poba’s current infrastructure is enormous.”
Both companies have established strong and enduring customer relationships with strategic OEMs and world-class contract manufacturers across the world. By utilizing their distinctive presence on the chamfr™ Marketplace, they aim to provide their customers with the same level of speed and quality they have come to expect. It’s worth noting that BYOND is Poba Medical’s first acquisition.
