Westfall Technik Acquires NPI Medical
Tonka Bay Equity Partners and NPI Management Maintain Commitment To Future Growth and Expansion
MINNETONKA, Minn. – May 9, 2017 — Tonka Bay Equity Partners has announced that NPI Medical (“NPI”) has been combined with Westfall Technik (“Westfall”), a plastic injection molding platform. Based in Ansonia, Connecticut, NPI specializes in new product introduction, creating complex molded components for medical device and life sciences customers. Westfall, backed by New York based Lee Equity Partners and BlackBern Partners, is assembling an international group of companies to provide premier manufacturing solutions to the medical and packaging marketplace.
Tonka Bay and senior management acquired NPI in 2015. Following the acquisition, NPI made investments in infrastructure and advanced equipment to accelerate new product introductions for a growing base of medical, healthcare, and life sciences customers.
Tonka Bay has a minority ownership position in the Westfall platform as a result of the transaction. NPI represents Westfall’s seventh acquisition and its first investment in the eastern U.S. NPI and Westfall plan to leverage technical and operational synergies to improve time to market for new products and accelerate revenue growth.
About Westfall Technik
Westfall Technik is a holding company which provides highly-productive plastics manufacturing solutions to medical, consumer packaging and consumer goods industries. For more information about Westfall, please visit the Company’s website at www.westfall-technik.com.
About Tonka Bay Equity Partners
Based in Minnetonka, Minnesota, Tonka Bay has been Building Bigger, Better Businesses® for over 25 years. Tonka Bay Equity Partners is a private equity firm that acquires and invests in growth-oriented businesses in the highly engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2030 or visit tonkabayequity.com.