Essel Propack Ltd (EPL) today announced the acquistion of US based Medical Engineering & Design (MED Inc ) a supplier of specialised disposable medical devices.
EPL has acquired 74 per cent equity of Med Inc in an all cash deal through its US subsidiary — Tacpro Inc.
The balance equity will continue to be held in the existing promoter employees of Med Inc.
Med Inc supplies custom built medical products to the medical indusrtry and has expertise in the manufacture of catheters, extrusion, and braid reinforced tubing needs of the medical industry.