Guzmán Ariza Advises Creative Foam on Successful Acquisition of AccuMED

This strategic acquisition represents a significant advancement in Creative Foam's mission to enhance its capabilities and broaden its impact within the healthcare and medical device sectors. "We remain focused on the continued growth of our Medical Division, both organically and through acquisition, and believe AccuMED is a highly strategic fit," said Koen Devits, President and CEO of Creative Foam. "The acquisition of AccuMED not only expands our Medical Division's customer base and combined capabilities but enhances our ability to serve customers looking to near-shore programs with low-cost country manufacturing."

As part of our advisory role, the firm provided strategic legal guidance on the structure of the acquisition, ensuring compliance with Dominican legal and regulatory frameworks while optimizing operational and regulatory efficiencies; assisted in the drafting, negotiation, and finalization of the Securities Purchase Agreement (SPA) and related ancillary agreements governing the acquisition, as they pertained to the Dominican Republic.

About Creative Foam

Creative Foam is a manufacturer and supplier of custom-engineered die-cut, formed foam, nonwoven and multi-material component solutions to the transportation, medical, and Industrial markets. Creative Foam was founded in 1969 and is headquartered in Fenton, Mich. Its 12 facilities across North America, including in Michigan, Indiana, Colorado, Ohio, Washington Tennessee, and Mexico, feature over one million square feet of production space.

About AccuMED

AccuMED is a Dominican Republic based medical device contract manufacturer. The Company produces a variety of textile-based medical products and components, including respiratory headgears, compression wraps, drainage bags, and patient handling solutions, among others.