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Argon Medical Devices Inc. Acquires Matrex Mold and Tool Inc.

Strategic move to maintain high quality while innovating and scaling

Published: Wednesday, January 12, 2022 - 13:00

(Argon: Frisco, TX) -- Argon Medical Devices Inc., a leading manufacturer of medical devices for interventional procedures, announces 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 more than 25 years prior to the acquisition.

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,” says George Leondis, president and 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,” says 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, Wisconsin 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, Texas, 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.

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For 40 years Quality Digest has been the go-to source for all things quality. Our newsletter, Quality Digest, shares expert commentary and relevant industry resources to assist our readers in their quest for continuous improvement. Our website includes every column and article from the newsletter since May 2009 as well as back issues of Quality Digest magazine to August 1995. We are committed to promoting a view wherein quality is not a niche, but an integral part of every phase of manufacturing and services.