Foster Corporation
Foster Corporation is a custom medical polymer compounder serving Class II and III medical device OEMs, specializing in implantable and bioresorbable polymer grades, regulatory and biocompatibility support, and clean-room manufacturing, now operating as Foster LLC under Geon Performance Solutions.
- Company typePrivate
- Founded1989
- HeadquartersPutnam, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
Foster Corporation firmographics
Firmographics- Name
- Foster Corporation
- Legal name
- Geon Performance Solutions LLC
- Website
- https://fostercomp.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Short description
- Foster Corporation is a custom medical polymer compounder serving Class II and III medical device OEMs, specializing in implantable and bioresorbable polymer grades, regulatory and biocompatibility support, and clean-room manufacturing, now operating as Foster LLC under Geon Performance Solutions.
- Ownership category
- akta.pro rank
Where Foster Corporation is headquartered
LocationHeadquarters
- HQ city
- Putnam
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Foster Corporation business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure
Revenue model
- Custom Medical Polymer Compounds: Foster generates revenue through the compounding and sale of custom medical-grade polymers to medical device manufacturers. Products include implantable polymers, medical compounds, and specialized material solutions for healthcare applications.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Foster Corporation product offering
Product offeringCore offering
Foster Corporation provides custom compounding, dry blending, polymer innovation, regulatory support, and analytical testing services for medical device manufacturers. The company specializes in biomedical polymer compounding, producing medical-grade materials, implantable polymers (durable and bioresorbable grades), and NexMed Medical Compounds for Class II and Class III medical devices.
Product overview
Foster LLC operates as Geon Performance Solutions' medical division, offering a comprehensive portfolio of biomedical polymer solutions. The product suite centers on Medical Grade Materials, NexMed Medical Compounds, and Implantable Polymers (covering both durable and bioresorbable grades), supported by custom compounding services, regulatory/biocompatibility testing support, and Foster Supply Chain Solutions. The offerings follow a structured five-phase development process with specialized facilities including clean, white, and isolation rooms, delivering materials from initial formulation through full-scale commercialization for medical device manufacturers.
Differentiator
Problem solved
Functional benefit
Brands
- Foster Supply Chain Solutions: Distributed products business unit under Foster medical division
- NexMed Medical Compounds
- Foster
Products and services
- Medical Grade Materials High-performance medical-grade polymers and custom compounding solutions designed to meet rigorous performance, quality, and regulatory standards for medical device applications.
- NexMed Medical Compounds Specialized medical compound formulations developed for demanding medical device requirements, offering advanced functionalities for critical applications.
- Implantable Polymers Compounded and supplied implantable polymers covering the full spectrum of durable and non-durable/bioresorbable grades for Class II and Class III medical devices.
- Custom Medical Compounds Custom polymer compounds engineered to meet specific medical device requirements, delivered through a quality-controlled development process from formulation to full-scale commercialization.
- Regulatory & Biocompatibility Testing Support Expert regulatory support and biocompatibility testing services for medical device manufacturers, including proactive selection of formulation constituents that have been biotested.
- Foster Supply Chain Solutions Distributed products and supply chain services supporting medical device manufacturers with strategic logistics and material availability.
Quantifiable outcome
- Quality system certification to ISO 13485 for medical devices and ISO 14001 for environmental management
Companies that use Foster Corporation
Customer profileSegments1 record
Ideal customer profiles1 record
Foster Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Foster Corporation partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Geon Performance SolutionscoreGeon Performance Solutions acquired Foster Corporation, a biomedical polymer compounder serving healthcare and medical device markets. This acquisition was Geon's fourth in five years as part of its strategy to diversify its engineered polymer solutions portfolio. Foster operates as Foster LLC, Geon's medical division.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
Foster Corporation competitors and assessment
Company assessmentDirect peers
- Lubrizol Life Sciences: Lubrizol's Engineered Polymers and Life Sciences businesses custom-compound medical-grade polymers and drug delivery materials for device and pharma OEMs. Directly comparable to Foster on implantable-grade compounding, regulatory support, and medical customer base.
- RTP Company: RTP Company is a custom compounder of engineered thermoplastics with a dedicated healthcare product line producing specialty compounds for medical devices. Closely comparable on custom medical compounding and customer profile.
- Ensinger: Ensinger compounds and shapes high-performance plastics for medical technology, diagnostics, and pharmaceutical applications. Comparable on medical-grade specialty polymer manufacturing and device OEM customer base.
- HEXPOL: HEXPOL Compounding produces custom polymer compounds including healthcare-focused TPEs and engineered materials for medical device manufacturers. Directly comparable on custom compounding scale and medical-application focus.
- Spectrum Plastics Group: Spectrum Plastics custom-extrudes and molds polymer components for medical devices and pharmaceutical applications. Comparable offering and customer set, with overlap in medical-grade polymer processing and regulatory expertise.
- Tekni-Plex: Tekni-Plex's healthcare division manufactures medical-grade polymer compounds, tubing, and films for medical device and pharma customers. Directly comparable on medical compounding and regulatory support for OEMs.
- Polymer Technology Group (PTG): PTG specializes in medical-grade polymer compounds for cardiovascular, neurological, and orthopedic implant applications. Closely comparable focus on implantable, biostable, and bioresorbable polymers.
Broad incumbents
- Avantor: Avantor is a large specialty materials supplier serving biopharma, diagnostics, and medical device manufacturing with polymers and single-use solutions. Overlapping customer base in medical devices, but broader portfolio and significantly larger scale than Foster.
- West Pharmaceutical Services: West Pharmaceutical produces elastomer-based primary packaging, drug delivery, and device components for pharma and medical device customers. Comparable on polymer-based medical device materials and customer overlap, though broader product scope.
- DuPont: DuPont supplies engineered polymers, including medical-grade and biopharmaceutical materials, to device and life-sciences OEMs. Adjacent given materials science depth and medical exposure, though only a portion of its portfolio targets Foster's exact compounding niche.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Foster Corporation social profiles
Digital presenceFoster Corporation compliance and trust
Trust signalCompliance3 records
Foster Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Foster Corporation leadership team
Management profileNumber of profiles
Foster Corporation subsidiaries and ownership
Company hierarchySubsidiaries1 record
Foster Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Foster Corporation M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Foster Corporation
What does Foster Corporation do?
Foster Corporation provides custom compounding, dry blending, polymer innovation, regulatory support, and analytical testing services for medical device manufacturers. The company specializes in biomedical polymer compounding, producing medical-grade materials, implantable polymers (durable and bioresorbable grades), and NexMed Medical Compounds for Class II and Class III medical devices.
Is Foster Corporation a public or private company?
Foster Corporation is a private company. It is classified as corporate owned and is currently acquired.
When was Foster Corporation founded?
Foster Corporation was founded in 1989. It employs 101 to 250 people.
Where is Foster Corporation based?
Foster Corporation is headquartered in Putnam, United States, in the North America region.
How does Foster Corporation make money?
One revenue line is on record: custom Medical Polymer Compounds.
Who are Foster Corporation's main competitors?
Direct peers on record are Lubrizol Life Sciences, RTP Company, Ensinger, HEXPOL, Spectrum Plastics Group, Tekni-Plex and Polymer Technology Group (PTG). Broad incumbents are Avantor, West Pharmaceutical Services and DuPont.
Does Foster Corporation have an API?
No public API is recorded for Foster Corporation.