News Around The Region January 2013

January 11, 2013

Thomas Medical Products, Inc. Acquired

Thomas Medical Products, Inc., a GE Healthcare Company was acquired by Merit Medical Systems, Inc. on December 19, 2012. Merit is a leading manufacturer and marketer of proprietary disposable devices used primarily in cardiology, radiology and endoscopy.

“The acquisition of Thomas Medical Products adds significant technology and sales base to our cardiology business,” said Fred P. Lampropoulos, Merit’s Chairman and Chief Executive Officer. “Additionally, Thomas Medical adds substantial breadth to our existing OEM business which is approaching $100 million in annual revenues.”

Thomas Medical will now operate as Merit Medical Systems, Inc., Malvern Division

For more information: Anne-Marie Wright, VP Corporate Communications, 801-208-4167, awright@merit.com

Schramm Quality Now API-Q1, ISO-9001 Certified

Quality means different things to different people.  In the energy sector, the American Petroleum Institute (API) provides the most rigorous of quality standards for firms like Schramm that manufacture equipment used in oil & gas drilling, where safety is paramount in field conditions that present unique challenges to operators and crews.

Over the past 112 years, quality has always been a given at Schramm, but as Schramm expands into new energy markets around the world with Telemast drill rigs in the 500,000 lb. hook load class, their new customers need the ultimate in quality assurance, independently verified and recognized by the ultimate global authority, API. To fulfill this critical expectation, over the past two years, Schramm has fully engaged with API to document their quality system across all aspects that impact design engineering, manufacturing and order fulfillment processes.  An in depth API audit took place at their West Chester, Pennsylvania facilities at the end of 2012 with very favorable results.

As 2013 begins, Schramm is now certified API-Q1, ISO-9001:2008, ISO/TS 29001, API-4F, API-8C and API-7K for the design and manufacture of drilling and well-servicing structures and equipment.

For more information: Fred P. Slack, Vice President, Business Development, Schramm, Inc., 610-344-3103, fpslack@schramminc.com

Brazilian-American Chamber of Commerce in Greater Philadelphia under Development

Developing markets hold opportunities for expanding partnerships and revenues. As the world’s sixth largest economy, with a population of 196.5 million and a GDP of $2.4 trillion, Brazil is one of the markets presenting astounding growth opportunities. The enthusiasm is centered on large infrastructure projects, significant global sports events, such as the 2014 World Cup and the 2016 Olympics in Rio, and the availability of new large pre-salt oil reserves to name a few.

Aiming to foster business relationships, trade, investments, tourism and cultural exchange between Brazil and the Greater Philadelphia Region, an initiative to establish a Brazilian-American Chamber of Commerce in Greater Philadelphia is under development.

Strategically positioned within the New York-Washington corridor, the Chamber will offer business conferences, networking events, members’ activities and newsletters. Additionally we will provide benefits to members such as access to business networks and policy makers, marketing opportunities, support in market entry and expansion, as well as business and sector information.

For more information, please contact brazilchamberphila@gmail.com