In line with its' strategic plan for the medical device business, Essel Propack Ltd. has acquired a US-based medical devices supplier, Catheter and Disposables Technology (CDT), in an all-cash deal. The deal will be funded from internal accruals. Essel's acquisition of the medical device maker through its US unit Tacpro Inc, is effective immediately.
The acquisition of CDT will expand the company's current foot print into a new region and broaden existing product lines. Essel will be able to expand operations in Minnesota, the second-largest medical device manufacturing region in the United States.