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ILC Dover LP, an affiliate of investment firm New Mountain Capital LLC, said it has reached an agreement to acquire Flexan LLC, a medical molder and contract manufacturer that specializes in silicone, thermoplastic and specialty rubber components.
The transaction is expected to close by August, according to New Mountain. Terms were not disclosed.
Headquartered in Lincolnshire, Ill., Flexan was founded in 1946. The company provides a range of services, from molding and extrusion to packaging and assembly. Flexan has the ability to mold in tight and specific geometries, and can bond rubber to metal and other substrates. The company supports product design and development as well.
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