On November 7, 2022, Molded Devices, Inc., a portfolio company of TruArc Partners, completed its acquisition of GlobalMed Inc. (Canada) and Schauenburg‐Truplast (China), subsidiaries of Schauenburg Technology SE headquartered in Mülheim, Germany. The transaction was a multi-jurisdictional cross border transaction involving Canada, China and the United States.
GlobalMed Inc. (Canada) is a certified medical extrusion and tubing manufacturer with over 40 years of plastic extrusion experience, and Schauenburg‐Truplast (China) is a certified medical extrusion and tubing contract manufacturer with over 16 years of plastic extrusion experience.
Molded Devices, Inc., headquartered in Tempe, Arizona, is a producer of various complex injection components used in medical devices, aerospace, and industrial applications.
Fasken advised Schauenburg Hose Technology Group, GlobalMed Inc. (Canada) and Schauenburg-Truplast (China) in connection with this transaction with a team that included Sean S. Stevens, Jack Yu, Sophie Langlois, George Soules, Niel Jacobs and ZiChen Gao (M&A/Corporate); Christopher Steeves (Tax); Armand M. Benitah and Nathan Haldane (Intellectual Property); Christopher Ferguson (Information Technology); Andrew Nunes (Technology); and Teresa Li (Articling Student).