Zeus has hired Padraic “Paddy” O’Brien as CEO from Becton, Dickinson and Co. effective April 1, the medical tubing supplier said today. O’Brien is worldwide president of BD Peripheral Intervention, where he “developed an extensive and consistent track record of delivering durable, sustainable growth while creating a winning culture,” Zeus said … [Read more...] about Zeus hires new CEO from Becton Dickinson
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Zeus sale to private equity firm EQT closes
Zeus is officially under new ownership after private equity firm EQT closed on its acquisition of the medical tubing supplier. “Today marks the start of a new chapter for our company, and we’re excited to share this update with you,” Zeus said in an email to “industry partners” announcing the deal’s finalization. “We believe this partnership … [Read more...] about Zeus sale to private equity firm EQT closes
Zeus owners are selling to private equity
The EQT X fund will become the owner of medical tubing tech provider Zeus under an agreement announced today. Financial terms of the acquisition were not disclosed. Bloomberg reported that the deal values the company at $3.4 billion, citing "people with knowledge of the matter." The transaction is expected to close in Q1 2024, subject to … [Read more...] about Zeus owners are selling to private equity
Catheter supplier Zeus seeks $4B buyer, Reuters reports
Zeus is exploring the potential sale of its business in a deal that could be worth $4 billion, Reuters reported, citing "people familiar with the matter." The Orangeburg, South Carolina-based manufacturer of catheter components and other medtech supplies is reportedly working with Goldman Sachs to evaluate the upside of a deal with strategic … [Read more...] about Catheter supplier Zeus seeks $4B buyer, Reuters reports
Zeus launches next-gen tubing for bioresorbable vascular scaffolds
Zeus announced today that it launched the newest member of its family of bioabsorbable products: Absorv XSE oriented tubing. Orangeburg, South Carolina-based Zeus designed Absorv XSE as a highly customizable platform for design. Available in a variety of resins and expanded size ranges, it offers an alternative to metallic products … [Read more...] about Zeus launches next-gen tubing for bioresorbable vascular scaffolds
Zeus opens Minnesota catheter manufacturing facility
Zeus has opened its catheter manufacturing facility in Arden Hills, Minnesota, celebrating the new facility with a grand opening. The 75,600-ft² building is home to CathX Medical, which Zeus acquired 2021. The facility has advanced R&D lab and cleanroom space for designing, developing and validating medical catheter prototypes. The … [Read more...] about Zeus opens Minnesota catheter manufacturing facility
Zeus nears completion of Minnesota catheter manufacturing facility
NEWS RELEASE: Medical device manufacturing gets major boost as Zeus opens state-of-the-art facility Zeus, a global leader in advanced polymer solutions, announced today that construction is almost complete on a state-of-the-art catheter manufacturing facility in Arden Hills, Minnesota. The location, scale, and on-site capabilities across R&D, … [Read more...] about Zeus nears completion of Minnesota catheter manufacturing facility
Zeus Industrial Products founder passes away
Frank Paul Tourville Sr. — who founded Zeus 54 years ago and built it into a major provider of advanced medical tubing products — recently passed away at age 87. The Orangeburg, S.C.–based company in its announcement of Tourville's March 16 death described him as a well-known and highly regarded visionary in the polymer extrusion … [Read more...] about Zeus Industrial Products founder passes away
Zeus launches flexible extruded catheter liners
Zeus this week added a flexible extruded PTFE catheter liner to its StreamLiner product portfolio. With the addition, the company can extrude liners over-the-wire (OTW) in sizes comparable to film cast tubing. The StreamLiner OTW UT offers a normal wall thickness as low as 0.0004 in. with a tolerance of +/- 0.0002 in. "StreamLiner OTW bridges … [Read more...] about Zeus launches flexible extruded catheter liners
MD&M West exhibitors you need to know
MD&M West — set for Feb. 11-13, 2020 — is billed as the largest medical device manufacturing event in the world. Now in its 35th year, it showcases hundreds of industry suppliers and attracts thousands of medical device industry insiders. Strolling around the show floor at the Anaheim Convention Center, in Anaheim, Calif., visitors will see … [Read more...] about MD&M West exhibitors you need to know