02.11.13
Cadence Inc. ended 2012 with some significant changes. Alan Connor was appointed the company’s new CEO; a share repurchase plan was announced (see November/December 2012 issue of ODT); and a new facility in the Pittsburgh, Pa., area was announced in an attempt to enter the finished device business.
The company’s new planned location in Cranberry Township, Pa. (a Pittsburgh suburb), is scheduled to open in the first quarter of 2013. The 21,000-square-foot facility will include up to 10,000 square feet of clean room space and 5,000 square feet of office space. The company expects to employ as many as 60 people there. Cadence’s use of the existing building in Cranberry Business Park was approved by Cranberry’s board of supervisors at meeting on Nov. 20.
According to Cadence, entrance into the finished device business is another step in its long-term strategic plan.
“Cadence started as a provider of highly engineered specialty blades and has evolved into a provider of complex components and sub-assemblies critical to the performance of a variety of medical devices,” said Alan Connor, recently appointed CEO and president of Cadence. “Medical device customers are looking to consolidate their supply chains around their most critical and trusted suppliers. The addition of finished device and sterilization management capabilities allows us to better serve our customers’ needs.”
The Pittsburgh area was chosen for Cadence’s newest facility because of the availability of employees with specialized medical device knowledge and experience. The city also happens to be conveniently located to Cadence’s existing offices in Cranston, R.I., and its headquarters in Staunton, Va.
“The Pittsburgh location has enabled us to put together an experienced and proven team from the medical device industry to expand Cadence’s business,” said Marc Mabie, vice president and general manager of the new Cadence facility.
Cadence is a contract manufacturing company focused on medical technologies for minimally invasive devices.