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Solesis Acquires Polyzen, Expanding Film And Coating Capabilities

Nov 02, 2022•about 3 years ago

Acquiring Company

Solesis

Acquired Company

Polyzen

Medical DeviceBiotechnologyHealth CareManufacturingMedical DeviceBiotechnologyManufacturing

Description

Polyzen, LLC, announced today that it has been acquired by Solesis, an advanced biomaterials company that develops, manufactures, and sells critical components and technologies for customers in the medical device, biopharmaceutical, and life sciences industries. Solesis is headquartered in Telford, PA, with manufacturing facilities in Pennsylvania and North Carolina.

Company Information

Company

Solesis

About

Solesis is a market leader specializing in biomaterials for the life sciences industry. Operating through its subsidiaries — Secant Group and Charter Medical — Solesis develops, manufactures, and sells critical components and technologies for customers in the medical device, biopharmaceutical, life sciences, and cell and gene therapy industries. Solesis also innovates on behalf of its customers, including through Secant Group’s patented polymer platform poly(glycerol sebacate) (PGS), which demonstrates unparalleled benefits over traditional polymers currently used for drug delivery and medical device applications. Headquartered in Telford, PA, Solesis employs 360 people across four production facilities located in Pennsylvania and North Carolina. For additional information, please visit our website: www.solesis.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed