PR93693

FRISCO, Texas, Dec. 15, 2021 /PRNewswire=KYODO JBN/ --

Argon Medical Devices, Inc., a leading manufacturer of medical devices for

interventional procedures, announced the acquisition of Wisconsin-based Matrex

Mold and Tool, Inc., a custom mold manufacturer for plastic injection molding.

Matrex produces metal injection production and prototype molds for the medical

device, residential, and automotive industries, and has done so since 1985.

Argon was a customer of Matrex for over 25 years prior to the acquisition.

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This move advances Argon's efforts to vertically integrate within new product

development and production. An organic capability to produce production molds

will help Argon maintain control and product quality for mainstream

manufacturing as the company scales. Organic production of prototype molds will

decrease the time-to-market for new products in development. Further, Argon can

continue to support the needs of Matrex's current customers, and now offer mold

production to new customers as part of Argon's Custom Product Solutions

business.

"Our strategy to vertically integrate our manufacturing within the United

States was vital to our growth throughout the pandemic as it allowed us to keep

supplying our products despite widespread material shortages and transportation

delays," said George Leondis, President & CEO of Argon. "Matrex has been a

reliable partner of ours for years. Adding their capabilities to our operations

allows us to be even more dependable for our customers in these unprecedented

times."

"We are excited to join Argon and support the company's mission to improve the

lives of patients and caregivers through manufacturing and delivery of

best-in-class medical devices," said John Matson, President of Matrex. "We have

had a great relationship with Argon for many years, and we look forward to this

next step."

Argon plans to keep Matrex located in their Portage, WI facility and to

continue servicing customers across various industries.

About Argon Medical Devices, Inc.

Argon Medical Devices, Inc. manufactures, sells and distributes disposable

medical devices for Interventional Radiology, Interventional Oncology and

Vascular Surgery procedures. Based in Frisco, TX, Argon's brand is recognized

throughout the world for best-in-class products and service that improve

patient outcomes. Argon was founded in 1972 and 2022 marks the company's 50th

year in business.

SOURCE  Argon Medical Devices, Inc.

CONTACT: Karli Hamilton, karli.hamilton@argonmedical.com