ProMed Molded Products
ProMed Molded Products is a privately held US contract manufacturer, founded in 1989, of precision silicone and thermoplastic molded components and assemblies for medical device, pharmaceutical combination-product, aerospace/defense, and electronics customers, operating from ISO Class 7 cleanroom facilities in Minnesota and Puerto Rico with a new Costa Rica site coming online in 2026.
- Company typePrivate
- Founded1989
- HeadquartersMinneapolis, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What ProMed Molded Products does
ProMed Molded Products is a privately held, US-based contract manufacturer founded in 1989 that produces complex, precision-molded silicone and thermoplastic components and assemblies for highly regulated industries. The company operates four facilities totaling more than 134,000 square feet of ISO Class 7 cleanroom space in Minnesota and Puerto Rico, organized into three business units: Molded Products (medical devices and implants), Pharma (combination drug-device products and long-acting injectable or implantable dosage forms), and Specialized Applications (ITAR-compliant aerospace and defense work). Its core manufacturing capabilities span LSR and HCR silicone injection molding, thermoplastic micro-molding, insert and over-molding, compression and transfer molding, API molding and hot-melt extrusion, in-house tooling, and advanced metrology including CT scanning, CMM, optical 2D inspection, and chromatic white light measurement, supplemented by specialized material formulations such as conductive, fluorosilicone, self-lubricating, foam, and desiccant-loaded silicones.
ProMed is qualified to ISO 13485:2016, ISO 9001:2015, FDA 21 CFR Part 11, FDA 21 CFR 820/210/211 and Part 4 for combination products, and is ITAR registered with FAR/DFARS compliance for defense work, allowing it to serve medical device OEMs, pharmaceutical developers, aerospace/defense primes, and electronics/wearable device manufacturers. The go-to-market is a direct, sales-led B2B model in which sales engineers and application engineers collaborate with customers from design for manufacturability and material selection through prototyping (prototype parts delivered in as little as two weeks), validation, and commercial production, supplemented by trade show presence at events such as MD&M West. Revenue is generated through project-based contract manufacturing fees for custom molded parts, assemblies, tooling, and value-added services, with quote-based pricing tied to specifications, volume, materials, and regulatory requirements, typically structured as multi-year contracts aligned to customer product life cycles.
The company is currently executing a geographic expansion with a fifth facility under construction in the Green Valley Business and Technology Park in Grecia, Costa Rica, expected to be operational in early 2026 and representing ProMed's first Latin American production site. Subsidiaries include ProMed Pharma, LLC, ProMed Caribe (Puerto Rico), ProMed Development Center (Minnesota), and ProMed Costa Rica, all wholly owned. Ownership remains private and family-held with no disclosed institutional or private-equity backing, and no public revenue figures have been disclosed.
ProMed Molded Products firmographics
Firmographics- Name
- ProMed Molded Products
- Legal name
- ProMed Molded Products, Inc.
- Website
- https://promedmolding.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- ProMed Molded Products is a privately held US contract manufacturer, founded in 1989, of precision silicone and thermoplastic molded components and assemblies for medical device, pharmaceutical combination-product, aerospace/defense, and electronics customers, operating from ISO Class 7 cleanroom facilities in Minnesota and Puerto Rico with a new Costa Rica site coming online in 2026.
- Ownership category
- akta.pro rank
ProMed Molded Products industry classification
Industry- Product category
- Medical Device Contract Manufacturing
- NAICS
- Plastics and Rubber Products Manufacturing (326)
- akta.pro primary industry
- Insert & Overmolding (Metal/Plastic, Multi-Material) (IMANAFAI)
- akta.pro secondary industry
- Injection-Molded Plastics Manufacturing (IMANAOAG)
Keywords
Where ProMed Molded Products is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
ProMed Molded Products business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Contract Manufacturing Services: Project-based contract manufacturing for medical-grade silicone and plastic components. Services span from prototyping through high-volume commercial production with pricing based on project scope, volume, materials, and regulatory requirements. Revenue is generated through manufacturing fees for custom molded parts, assemblies, and related value-added services.
- Tooling Design and Manufacturing: In-house tool design and mold production services for customers, including aluminum prototype tools, bridge tools, and production tooling with associated mold maintenance and repair services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based project pricing |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
ProMed Molded Products product offering
Product offeringCore offering
ProMed Molded Products is a contract manufacturer of complex precision molded silicone and thermoplastic components and assemblies for medical device, pharmaceutical, and aerospace/defense customers. Services span in-house tooling, LSR and HCR silicone injection molding, thermoplastic micro-molding, insert and over-molding, assembly, API molding and hot-melt extrusion, prototyping, metrology, and testing, all delivered from ISO Class 7 cleanroom facilities in Minnesota and Puerto Rico with a Costa Rica facility under construction.
Product overview
ProMed Molded Products is a contract manufacturer offering a comprehensive suite of manufacturing services for medical-grade silicone and plastic components across three business units: Molded Products, Pharma, and Specialized Applications (security and defense). The core manufacturing capabilities include Silicone Molding (LSR and HCR), Thermoplastic Molding, Assembly + Over-Molding, Prototyping, and Tooling, which are supported by Testing, Metrology, and Specialized Materials services. The company operates ISO Class 7 cleanroom facilities across four locations in Minnesota and Puerto Rico, with a new Costa Rica facility under construction. Services span from prototype through commercial production for medical devices, implantable devices, pharmaceutical dosage forms, security/defense, and electronic/wearable markets.
Differentiator
Problem solved
Functional benefit
Brands
- ProMed Pharma: Dedicated business unit focused on manufacturing products containing active pharmaceutical ingredients (APIs) for drug delivery and combination device therapies.
- ProMed Caribe
- ProMed Development Center
- ProMed Costa Rica
Products and services
- Silicone Molding LSR (Liquid Silicone Rubber) and HCR (High Consistency Rubber) injection molding, compression molding, and transfer molding for medical-grade silicone components with tight tolerances, equipment from 11 to 240 tons, and durometer ranges of 10-80 Shore A (LSR) and 20-80 Shore A (HCR).
- Thermoplastic Molding
Quantifiable outcome
- Prototype parts delivered in as little as two weeks from documentation receipt
- +1 more outcomes
Companies that use ProMed Molded Products
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
ProMed Molded Products technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
ProMed Molded Products partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered supporting.
- Costa Rica Medical Device EcosystemsupportingProMed operates in Costa Rica alongside 100+ multinational medtech companies including 13 of the world's 25 largest players such as Boston Scientific, Zimmer Biomet, and Hologic. The ecosystem provides collaborative environment, skilled workforce, and mature supplier ecosystem for medical device manufacturing.
- Portafolio InmobiliariosupportingReal estate developer and operator of the Costa Rica Green Valley Business and Technology Park where ProMed is establishing its new manufacturing facility. Portafolio Inmobiliario is managing the construction project and has obtained Blue Flag Certification for sustainable construction practices.
- PROCOMER (Trade and Investment Promotion Agency of Costa Rica)supportingCosta Rica's trade and investment promotion agency that facilitates foreign direct investment. PROCOMER supports ProMed's establishment in Costa Rica and promotes the country's advanced manufacturing capabilities to attract strategic investment.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
ProMed Molded Products competitors and assessment
Company assessmentDirect peers
- Spectrum Plastics Group: Spectrum Plastics Group is a large specialty medical contract manufacturer focused on precision polymer and silicone molding, catheter and extrusion components, and cleanroom-assembled medical devices. It is the closest scaled analog to ProMed, serving the same OEM customers across disposable and implantable medical devices.
- Freudenberg Medical: Freudenberg Medical (including the legacy Helix Medical brand) is a global medical device CMO specializing in silicone and thermoplastic molding, drug-delivery components, and combination-device assembly. It directly overlaps ProMed in medical-grade silicone LSR/HCR molding, implantable components, and pharma combination products.
- GW Plastics (Nolte Precimet): GW Plastics is a precision medical and automotive injection molder with deep thermoplastic and LSR molding capabilities, cleanroom manufacturing, and assembly. It is comparable to ProMed in serving regulated medical device OEMs with tight-tolerance molded components.
- Tessy Plastics: Tessy Plastics is a precision injection molding and contract manufacturing partner serving medical device and consumer customers from multiple US and international facilities. Like ProMed, it combines tooling, molding, and assembly under one roof for regulated industries.
- Donatelle: Donatelle is a medical device contract manufacturer specializing in precision molded components, assembly, and finishing for Class II and III medical devices. Its focus on regulated medical manufacturing and component-level specialization makes it a closely comparable regional peer to ProMed.
- Biomerics: Biomerics is a medical device contract manufacturer focused on advanced polymers, silicones, and metal components for interventional, structural heart, and other implantable applications. Its specialty materials and combination-device focus overlaps directly with ProMed Pharma and ProMed's implantables business.
- Plastic Components Inc. Plastic Components Inc. is a medical and industrial injection molding contract manufacturer offering cleanroom molding, insert molding, and assembly. It is a comparable mid-sized custom molder serving medical OEMs with vertically integrated tooling and production.
- Forefront Medical Technology: Forefront Medical Technology is a global medical device contract manufacturer with specialty extrusion, molding, and assembly capabilities across disposable and interventional devices. Comparable to ProMed in serving multinational medtech OEMs with multi-region manufacturing presence.
Broad incumbents
- West Pharmaceutical Services: West Pharmaceutical Services is a large established provider of elastomeric closures, drug delivery components, and containment systems serving pharma and combination-device markets. It overlaps with ProMed Pharma's combination-device and drug-delivery component manufacturing, but at substantially greater scale and across a broader product portfolio.
- Stevanato Group: Stevanato Group is a global provider of drug containment, drug delivery, and diagnostic solutions including molded glass and plastic pharmaceutical components. Comparable to ProMed's combination-device and API molding work, though operating at much greater scale across pharma primary packaging.
Market position
Strengths5 records
Weaknesses3 records
Competitive moat5 records
Key risks1 record
Key highlights7 records
Customer concentration
ProMed Molded Products social profiles
Digital presenceProMed Molded Products compliance and trust
Trust signalCompliance6 records
ProMed Molded Products financial estimates
Financial estimateRevenue estimate
Valuation estimate
ProMed Molded Products leadership team
Management profileNumber of profiles
Profiles2 records
ProMed Molded Products subsidiaries and ownership
Company hierarchySubsidiaries4 records
ProMed Molded Products funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ProMed Molded Products M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ProMed Molded Products
What does ProMed Molded Products do?
ProMed Molded Products is a contract manufacturer of complex precision molded silicone and thermoplastic components and assemblies for medical device, pharmaceutical, and aerospace/defense customers. Services span in-house tooling, LSR and HCR silicone injection molding, thermoplastic micro-molding, insert and over-molding, assembly, API molding and hot-melt extrusion, prototyping, metrology, and testing, all delivered from ISO Class 7 cleanroom facilities in Minnesota and Puerto Rico with a Costa Rica facility under construction.
Is ProMed Molded Products a public or private company?
ProMed Molded Products is a private company. It is classified as family owned and is currently operating.
When was ProMed Molded Products founded?
ProMed Molded Products was founded in 1989. It employs 101 to 250 people.
Where is ProMed Molded Products based?
ProMed Molded Products is headquartered in Minneapolis, United States, in the North America region.
How does ProMed Molded Products make money?
Two revenue lines are on record. Contract Manufacturing Services are the primary driver. The others are tooling Design and Manufacturing.
Who are ProMed Molded Products's main competitors?
Direct peers on record are Spectrum Plastics Group, Freudenberg Medical, GW Plastics (Nolte Precimet), Tessy Plastics, Donatelle, Biomerics, Plastic Components Inc. and Forefront Medical Technology. Broad incumbents are West Pharmaceutical Services and Stevanato Group.
Does ProMed Molded Products have an API?
No public API is recorded for ProMed Molded Products.
What industry is ProMed Molded Products in?
ProMed Molded Products's product category is Medical Device Contract Manufacturing. Its primary akta.pro industry code is IMANAFAI, Insert & Overmolding (Metal/Plastic, Multi-Material), with a secondary code of IMANAOAG, Injection-Molded Plastics Manufacturing. Its NAICS code is 326.