Woodbury would like to announce the acquisition of the Merit Medical Manufacturing facility in Pearland, TX through its affiliate Woodbury Strategic Partners.
Merit Medical Manufacturing is a special purpose 95,500 square foot medical device production facility that will be 100% occupied by Merit Medical Systems Inc. (Nasdaq: MMSI).
The project is located in Pearland, TX which is approximately 25 minutes south of downtown Houston and 15 minutes south of the Texas Medical Center – the largest medical center in the world. The site is located just off Highway 288 and the Sam Houston Tollway.
The Pearland facility features office, manufacturing, R&D and designated clean room space. It will house approximately 230 skilled employees and $20M+ of specialized manufacturing, filtration and electrical equipment.Merit Medical was founded in 1987 and is a worldwide company engaged in the development, manufacture and distribution of proprietary disposable medical devices used primarily in cardiology, radiology and endoscopy procedures. They are headquartered in South Jordan, UT and employ roughly 2,300 people worldwide.