C

Cretex Companies

Diversified industrial conglomerate with manufacturing

Overview

Cretex Companies designs, manufactures, and supplies products across medical devices, materials, and engineered components through its divisions like Cretex Medical, Cretex Materials, and Cretex Specialty Products. Its products use specialized engineering and manufacturing to create components for healthcare, industrial, and consumer applications, often supporting customers from design through production. The company differentiates itself with a century-long history, a commitment to honesty and integrity, a diversified, vertically integrated portfolio, and a strong financial position that supports long-term planning. Its goal is to provide meaningful work for employees while delivering reliable products and services to customers today and building lasting growth.

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About Cretex Companies

Simplify's Rating
Why Cretex Companies is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingHealthcare

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

Elk River, MN

Founded

1917

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Simplify's take

What believers are saying

  • Cretex Medical exhibited at MD&M Midwest on November 6, 2026, signaling active pipeline building.
  • The company bought Holland Molds on June 10, 2026, strengthening tooling and in-house capacity.
  • RegulatoryJobs listed 29 open roles on November 9, 2026, showing continued hiring momentum.

What critics are saying

  • Brooklyn Park expansion requires execution discipline and on-time ramp in 2026-2027.
  • CEO Lynn Schuler’s retirement and new CFO create leadership transition risk this year.
  • Medical-device contract manufacturing depends on OEM concentration; losing a major customer would hit utilization hard.

What makes Cretex Companies unique

  • Cretex’s family ownership since 1917 supports long-term capital allocation and patience.
  • Cretex Medical spans design, tooling, molding, assembly, and sterilization across one platform.
  • Cretex adds manufacturing capacity through targeted acquisitions like Holland Molds on June 10, 2026.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Health Savings Account/Flexible Spending Account
  • Life Insurance
  • Disability Insurance
  • Paid Holidays
  • Paid Vacation
  • Paid Sick Leave
  • Parental Leave
  • Tuition Reimbursement
  • Wellness Program

Company News

Medical Alley
Oct 15th, 2025
Cretex Medical Signs Agreement to Acquire Atemisa Precision, S.A. in Costa Rica

Cretex Medical signs agreement to acquire Atemisa Precision, S.A. in Costa Rica. Cretex Medical, a leading provider of contract medical device manufacturing and engineering services, announced today that it has signed a definitive agreement to acquire Atemisa Precision, S.A. in Alajuela, Costa Rica. Dedicated to satisfying customer needs, Atemisa provides high quality machining services to the medical and industrial sectors in Costa Rica. The transaction is expected to close before the end of the year, subject to customary closing conditions. Cretex Medical's mission is to make it easier to get their customers' products to patients. By integrating Atemisa's precision machining expertise with Cretex Medical's newly constructed facility in Cartago, Costa Rica, the company will strengthen its local, vertically integrated capabilities, including advanced machining, molding, laser processing, and assembly. "The planned acquisition of Atemisa is a strategic investment that strengthens Cretex's global presence and underscores our long-term commitment to Costa Rica," said Jeff Wollerman, CEO and President of Cretex Companies. "Atemisa's reputation for excellence, deep local experience, and strong customer partnerships align perfectly with Cretex's culture of continuous improvement and customer focus. Together, we're expanding our capabilities and scale to better support our customers' growth and success for years to come." Both companies will continue to operate independently until the transaction closes. Additional details will be provided upon closing. About Cretex Cretex Companies (www.cretex.com) has been privately owned by the same family for over 100 years. Headquartered in Elk River, Minnesota, Cretex employs over 2,300 team members at facilities in the United States and Costa Rica. Under the Cretex Medical brand, the company's subsidiaries CDT, QTS, and rms provide contract manufacturing and engineering services to medical device manufacturers (OEMs). Cretex Materials and Cretex Specialty Products are leaders in the infrastructure industry. The companies are guided by a common management system, shared set of values, and focus on operational excellence. ###

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