Health & Beauty

Haartz recently announced that it has acquired a minority stake in Peak Performance Compositing LLC. According to the press release, this partnership will enable Haartz to enter the fast-growing pharmaceutical compounding market, increase its diversification, and provide Peak with resources to accelerate growth.

"We plan to expand the scale of production in 2022, add a dedicated space for our medical production, and add additional mixing and storage space for all products. Although we are in an unusual period, we are all optimistic." Peak President Todd Marchand said.

For Haartz, this partnership will promote diversity. Matthew Williams, Vice President of Global Automotive Exteriors and New Markets, said: "The partnership with Peak provides us with an opportunity to enter the growth-oriented medical plastics market. We will now be able to use our decades of knowledge in the high-performance plastics field to support This growing market."

Peak started production in 2019, and in 2020 it has obtained ISO 13485:2016 certification, an international standard for medical manufacturing quality management systems. In addition, the company has obtained ISO 9001:2015 certification.