The late 1980s and 1990s represented a major transition period for medical plastics. Major resin producers were scared off by litigation issues following failures of silicone implants. At the same time, markets such as catheters were just emerging and needed development partners.
A new generation of entrepreneurs emerged to fill the gap.
One was Larry Acquarulo, who left compounder LNP ito start a specialty medical compounding business called Foster Corp. (Putnam, CT) in 1989. It was "hand-to-mouth for a few years" Acquarulo told Plastics Today in an interview at MD&M West in Anaheim, CA.
Now sales are in excess of $25 million. The company operates more than 10 twin screw extruders with outputs ranging from 10-1000 lb/hr in facilities in Putnam, CT and Las Vegas, NV.
The company is making innovations in nano compounds, bioresorbable plastics, combination products and other areas in a Polymer Innovation Lab with a twin screw extruder, injection molding machine, and film/tube extrusion equipment.
Starting below, Acquarulo discusses what's happening in the medical plastics business in a two-part interview with Plastics Today....