MEDICAL FAIR ASIA 2018

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Insulet Completes Acquisition of U.S. Manufacturing Facility in Acton, Massachusetts

Thursday, Feb 16, 2017

Insulet Corporation, the leader in tubeless insulin pump technology with its Omnipod® Insulin Management System, today announced the Company has completed the acquisition of a facility in Acton, Massachusetts to establish a U.S. manufacturing location in the United States.

The state-of-the-art facility, when outfitted with highly-automated manufacturing equipment, will provide capacity for Insulet to manufacture on a single line up to 70 percent more pods with up to 90 percent fewer headcount as compared to all four of the Company’s current manufacturing lines at its contract manufacturer in China. Insulet will begin build-out of the facility and expects to begin production in 2019. The Company anticipates the addition of hundreds of jobs in Massachusetts over the next five years.

“This acquisition marks a major milestone in the execution of our strategic plan to expand pod manufacturing, increase productivity, improve quality and drive efficiency,” said Patrick Sullivan, Chairman and Chief Executive Officer. “The addition of U.S. production capabilities will improve our response time to customers. This will be a significant improvement to our manufacturing operations.”

Mr. Sullivan continued, “By expanding our manufacturing capabilities in the United States, we will increase our capacity to serve our customers while investing in and bringing jobs to the region. We look forward to contributing to the economic vitality of the region and playing a role in the community for years to come.”

“We are excited that a fast-growing company like Insulet has selected Acton for its U.S.-based manufacturing facility,” said Matthew J. Selby, Director of Land Use and Economic Development, Town of Acton. “Insulet’s decision to purchase and operate a facility in Acton is reflective of the town’s commitment to economic development and we welcome the new jobs this facility will bring to our community.”

 

Source: businesswire.com

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