MedPlast, which acquired United Plastics Group (UPG) earlier this year, is now one of the three largest medical plastics contract manufacturers in the United States and plans to make significant new investments in the next year, CEO Harold Faig said in interview with PlasticsToday.
MedPlast now operates under two brands: MedPlast, its healthcare segment, and UPG, which is its industrial segment.
With the completion of the structural realignment with UPG, MedPlast now has 14 manufacturing locations globally. The MedPlast brand runs nine healthcare plants. Included are the five original MedPlast facilities in the United States, and UPG's former dedicated healthcare and mold making plants in China, Mexico (one), and the United States (two). The UPG brand, which now focuses on specialty industrial markets, operates two plants in China, one in Wales and two in the United States.
The new alignment also created space in the UPG plants for expanded business in industrial specialty markets such as datacenter, consumer, automotive and energy. A very large customer recently moved its cell phone accessory business from China to the UPG plant in Minneapolis due to rising costs in China and growing concerns about product piracy, Faig said. Other reshoring jobs have been won recently in the data center business and remote mobile computing.