Over 2300 Total Lots Up For Auction at Five Locations - FL 09/28, OK 09/29, NJ Cleansweep 09/30, CA 10/01, NJ 10/05

Zeus Industrial Products to integrate catheter-based contract manufacturer CathX Medical

Press releases may be edited for formatting or style | June 10, 2021 Business Affairs

This synergy is sure to translate into more of the top-tier products and services customers have come to expect from both Zeus and CathX. Importantly, it positions Zeus for long-term, sustainable growth without changing its corporate culture or compromising its core values.

COMMENTS

Servicing GE, Philips and Siemens CT equipment with OEM trained engineers

Numed, a well established company in business since 1975 provides a wide range of service options including time & material service, PM only contracts, full service contracts, labor only contracts & system relocation. Call 800 96 Numed for more info.


"To serve our customers' evolving needs, Zeus has added catheter-based contract manufacturing capabilities to the organization. While component manufacturing has always been and remains our core business, adding contract design and manufacturing capabilities increases our strategic value for customers. We believe this development is a natural progression for Zeus and our customer partnerships. This move aligns with our corporate strategy and is pivotal to our organization's continued success. We are thrilled to welcome the CathX team to our Zeus family." – Steve Peterson, President & CEO, Zeus Industrial Products, Inc.

"In under 18 months, we found ourselves on a steep growth trajectory and quickly reaching capacity. Demand for our contract manufacturing services has accelerated more than projected. So, years ahead of schedule, we have expedited our expansion and chose Zeus to help propel us forward. We now have access to greater resources to service our customers, including multiple facilities, worldwide locations, high-volume manufacturing capabilities, and the supporting internal infrastructure. Most importantly, Zeus shares our strong corporate values. We are excited to work with such a culturally similar, well-respected, global organization." – Suresh Sainath, Co-founder & President, CathX Medical Inc.

QUICK FACTS

Zeus finalized an agreement to integrate CathX Medical Inc. into its organization. Based in San Jose, California, CathX is a medical device contract manufacturer.
Zeus' core business remains component manufacturing. However, the CathX partnership will extend the company's capabilities to include contract design and manufacturing services.
Adding contract manufacturing services will increase Zeus' value to customers and strengthen their strategic partnerships significantly.
CathX can also offer its customers added value by leveraging Zeus' R&D facilities, product lines, and high volume global manufacturing capabilities.
CathX will remain located in San Jose. The company will begin expanding their team and facility. Until they are ready, Zeus will not be actively extending contract manufacturing services to Zeus customers.

You Must Be Logged In To Post A Comment