German company acquires Allentown-based Bio Med Science

Munich-based WACKER has acquired the manufacturing assets and know-how of Allentown’s Bio Med Sciences Inc. to expand its expertise and business in silicone-coated health care products.

Bio Med manufactures silicone-based wound and scar treatments.

A purchase agreement was signed yesterday between WACKER and Bio Med.

Both parties have agreed not to disclose the purchase price.

The acquired assets and most of the Bio Med workforce will be part of a new legal entity called Wacker Silicone Manufactured Innovations LLC.

The entity, a wholly owned subsidiary of Wacker Chemical Corporation, will serve customers and offer prototype development, technical, and contract manufacturing services to the medical device and wound care markets.

Existing consumer products and related brands will remain with BioMed Sciences and are not part of the acquisition.

By acquiring Bio Med Sciences' assets and know-how, WACKER said it has now advanced its expertise for fully integrated development and production of silicone-coated adhesive products.

"The acquisition is an important step for us. Now, we have the capability to drive forward our business with silicone specialties with even greater vigor," said WACKER Board Member Christian Kirsten. "By taking over Bio Med Sciences' assets, technology, and know-how, we are now a solution provider for the health care industry. We can support and collaborate with customers who are looking for innovative adhesive coating solutions in the healthcare sector even better. This new business perfectly complements our existing solutions of silicone-based gel adhesives for medical and cosmetic applications."

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