SALE OF ACCUMED

ACCUMED HAS BEEN ACQUIRED BY CREATIVE FOAM CORPORATION

Birmingham, Michigan – April 21, 2025 – Angle Advisors is pleased to announce that AccuMED, a division of Lear Corporation (NYSE: LEA), and a leading provider of medical contract manufacturing and engineering services, has been acquired by Creative Foam Corporation, a portfolio company of Industrial Opportunity Partners. The transaction closed on March 4th, 2025. Angle Advisors acted as the exclusive investment banking advisor to Lear Corporation in completing the transaction.

AccuMED is a leading provider of medical contract manufacturing and engineering services. AccuMED primarily focuses on textile-based Class I and Class II medical devices, partnering with top medical OEMs across United States and the world. AccuMED is based in the Dominican Republic and has operated ISO 13485 and FDA registered facilities there for over 20 years, employing approximately 1,400 employees.

“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.”

Creative Foam Corporation, a portfolio company of Industrial Opportunity Partners (www.iopfund.com), 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, Michigan. Its 12 facilities across North America, including in Michigan, Indiana, Ohio, Washington, Tennessee, and Mexico, feature over one million square feet of production space. For additional information, please visit www.creativefoam.com.

Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed over 296 transactions since 2009 for multinational corporations, privately held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.