September 2022 – Lancaster, MA – Sterling Manufacturing (“Sterling”) of Lancaster, MA and its Albright Silicone division (“Albright”) have been acquired by EPTAM Precision Solutions (“EPTAM”) of Northfield, NH. EPTAM is a Frazier Healthcare Partners (“Frazier”) portfolio company.
Founded in 1968, Sterling is a vertically integrated component manufacturer specializing in plastic injection molding and liquid silicone rubber (LSR) molding. It supplies customers in the medical device, molecular diagnostics, biopharma, consumer electronics, and aerospace/military/defense markets. Sterling supports the entire product lifecycle, with rapid prototyping, tool development, validation and production manufacturing. It has significant medical cleanroom capacity and advanced automation expertise. In addition, Sterling offers a wide array of secondary operations such as automated assembly, pad printing, and sonic welding, amongst others. Sterling added its LSR capabilities in 2019 with the acquisition of Albright Technologies.
In addition to further bolstering EPTAM’s presence in the life sciences, biopharma and broader medical device market, the transaction expands and further diversifies EPTAM’s capabilities. It now offers customers a single partner of choice for a variety of plastics manufacturing requirements. Albright brings an exciting new capability into the EPTAM portfolio with its expertise in silicone tooling fabrication and molding. With Albright only minutes away in Leominster, MA, the combined molding expertise of Sterling and Albright will allow EPTAM to serve as a one-stop shop for medical customers requiring both thermoplastic and LSR injection molded components.
Stan Bowker, President of Sterling, said, “We are excited to be joining the EPTAM family. They share the same culture and values, creating the ideal partnership for our next chapter. EPTAM’s reach and industry expertise, especially in the MedTech space, combined with our world class molding, tooling, and automation experience, will greatly enhance our capabilities and offerings to our customers.” John Gravelle, CEO of Sterling, added this: “Partnering with EPTAM is a great opportunity in the evolution of Sterling’s capabilities. We are confident this acquisition will expand EPTAM’s vast technical capabilities in servicing the life sciences and medical markets. We could not have found a better strategic fit.”
EPTAM’s CEO, Mark Kemp said, “By welcoming the professionals from Sterling and Albright to our team, EPTAM adds world-class, highly automated, thermoplastic and liquid silicone rubber injection molding expertise, while also expanding our front-end engineering support offering and benefitting from Sterling’s proximity to many of the leading Molecular Diagnostic and BioPharma OEMs located in the greater New England area.”
EPTAM is a leading high-precision outsourced manufacturer of complex components and devices with particular expertise in plastic, metal, and injection molded applications. The company provides its custom machining solutions to leaders in the medical devices, biopharma and diversified industrials sectors. EPTAM has over 500 employees with operations in New Hampshire, Colorado, New Jersey, Minnesota, Connecticut, and Michigan.
Investment banking firm MBS Advisors of Florence, MA represented Sterling Manufacturing in the transaction.
Excerpts from above were taken from EPTAM’s official press release.