Cretex Companies

Cretex Companies

Diversified industrial conglomerate with manufacturing

Overview

Cretex Companies is a family of businesses that designs, manufactures, and supplies products across medical devices and specialty materials, including Cretex Medical, Cretex Materials, and Cretex Specialty Products. Its divisions focus on medical device components, materials manufacturing, and other engineered products, offering end-to-end support from design to production. The company grows by investing in new technologies and acquiring complementary businesses, leveraging a diversified, vertically integrated portfolio and a strong financial position. Its goal is to provide meaningful work for employees while delivering reliable products and services to customers today and sustaining long-term growth.

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 & Manufacturing

Healthcare

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

Elk River, Minnesota

Founded

1917

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Simplify's Take

What believers are saying

  • June 2026 Holland Molds assets acquisition expands tooling capacity and Wadena operations.
  • October 2025 Atemisa deal strengthens vertical integration in Costa Rica manufacturing.
  • Cretex keeps winning trade-show visibility at MD&M West, DeviceTalks Minnesota, and OMTEC 2026.

What critics are saying

  • Cretex Medical’s Costa Rica buildout and Atemisa deal add execution risk through 2026.
  • A 2024 JunoPacific WARN notice cut 96 jobs, signaling portfolio volatility.
  • Medical OEM concentration risks a downturn if one large customer re-sources production.

What makes Cretex Companies unique

  • Cretex Medical spans molding, laser processing, machining, assembly, and sterilization management.
  • Cretex operates from Elk River with 2,300 employees across U.S. and Costa Rica.
  • Cretex’s century-old family ownership supports patient capital and acquisition-driven expansion.

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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

Mental Health Support

401(k) Retirement Plan

401(k) Company Match

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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