Haartz Corp. has purchased a minority stake in Peak Performance Compounding LLC it was announced today. The partnership will enable Haartz to diversify into the rapidly growing medical compounding market and provides Peak with resources to expedite growth, said the news release.
“We are planning to expand our manufacturing footprint in 2022 by adding a dedicated white room space for our medical production, additional blending, and storage space for all products. Although we are in an unusual time, we are very optimistic about the future,” said Peak President Todd Marchand.
For Haartz, the partnership will boost diversification. “This partnership with Peak provides us access to the growth positioned medical plastics marketplace, said Matthew Williams, Vice President of Global Automotive Exteriors and New Markets. “We will now be able to leverage our decades of knowledge in high-performance plastics to support this growing market.”
Peak started manufacturing in 2019 and obtained ISO 13485:2016 certification, the international standard for medical manufacturing quality management systems, in 2020. The company is also certified to ISO 9001:2015.
Founded in 1907, Haartz Corp. is a global supplier of highly engineered and uniquely designed convertible toppings and interior surface materials. Headquartered in Acton, MA, with additional manufacturing capabilities in Germany, China, and India, Haartz is privately owned and operated by the Haartz family.