February 5 2024, David R Brown
Formerra extends European reach with the launch of a Nordic logistics hub
Formerra, a specialist in the distribution of engineering polymers and plastics, has inaugurated a new warehouse in Malmö, Sweden. The modern facility will support existing customers with an emphasis on serving the growing production demands of medical device and equipment production in Europe.
With this new facility, Formerra is expanding geographically and, at the same time, intensifying our focus on the healthcare sector, where precision, reliability, and rapid innovation are paramount
Cathy Dodd, CEO at Formerra, LLC
The new Nordic hub underscores Formerra's commitment to providing tailored solutions to customers where needed in support of meeting the stringent requirements of the healthcare industry. By pairing an expansive portfolio of products from leading suppliers with its expertise in REACH certification and US-manufactured medical-grade materials, Formerra is positioned to help customers navigate the complexities of healthcare regulations, ensuring rapid compliance and market entry.
“With this new facility, Formerra is expanding geographically and, at the same time, intensifying our focus on the healthcare sector, where precision, reliability, and rapid innovation are paramount,” explains Cathy Dodd, chief executive officer at Formerra. “Our Malmö warehouse provides Nordic and European customers with a gateway to advanced material solutions, designed to meet the rigorous demands of their medical applications.”
The Malmö facility is located to ensure efficient distribution across Europe. Likewise, the new warehouse will complement Formerra's existing presence and warehouses in Ireland and the UK, the result of its acquisition of distributor Total Polymer Solutions (TPS) in April 2023. TPS has officially been renamed Formerra, a milestone in integrating this important acquisition and expanding the Formerra brand and presence into Europe.
About Formerra
Formerra is a portfolio company of H.I.G. Capital, an alternative investment firm with $59 billion of equity capital under its management. Formerra is a leading distributor of engineered materials, connecting the world's leading producers with thousands of OEMs and brand owners across healthcare, consumer, industrial, and mobility markets. The company supplies more than 4,000 grades of engineering and commodity grade resins, principally to North American, Central American, European and Asian markets. Representing over 25 major suppliers, Formerra offers customers a broad product portfolio, just-in-time delivery from multiple stocking locations and local technical support.
Source(s): Formerra Press Release
Further Information
Visit: https://www.formerra.com