Contract manufacturer Nypro is bolstering its medical device capabilities, planning to launch another factory in Ireland and employ 200 people in the process.
Nypro's new facility, based in Waterford, will make respiratory and drug-delivery devices for clients around the globe, and the U.S.-based company is looking for 200 workers in the plant's first phase with plans to expand from there.
James O'Gorman, Nypro Healthcare vice president, said in a statement that the company has had success in Ireland in the past. "Nypro has operated in Ireland in Bray since 1980, and in recent years our healthcare business has grown significantly," O'Gorman said. "Our latest growth phase is built upon the skills, work ethic, creativity and drive of our Nypro Ireland team."
Nypro's expansion fits in with the rise of contract manufacturers in the medical device world. Cost-cutting across the industry has opened opportunities for third-party firms that can manufacture clients' products more efficiently than in-house operations.
India is a hotbed of device-minded CMOs, pitching low-cost assembly to the world's med tech firms. The success of medical device contractors has lured some conglomerate M&A, as Sparton snapped up CMO Onyx for $43.25 million last fall.
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