Medical Device Maker Buys Building, Plans Hiring – Orange County Business Journal

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Medical Device Maker Buys Building, Plans Hiring – Orange County Business Journal

Reed, Vita // Orange County Business Journal; 2/16/2004, Vol. 27 Issue 7, p3


Life Science Outsourcing Inc., a contract maker of medical devices, has nearly doubled its space in Brea with the buying of a new building in the Voit Brea Business Park.

Growth plans spurred the move, according to Barry Kazemi, Life Science’s chief executive.

“We had reached the point in the life of our organization that we had to make a decision about the physical location of our building,” Kazemi said.

The company’s new building is nearly 53,000 square feet, up from 30,000 at its old Brea headquarters and plant.

Life Science bought the building for an undisclosed price.

The company counts 85 workers, up from around 40 three years ago. Life Science expects to grow to up to 120 people this year, according to Kazemi. The jobs are set to run the gamut from manufacturing workers to engineers, he said.

Kazemi: clients include Medtronic and Baxter. “I don’t see any kind of end to this growth because the whole market is going toward the direction of outsourcing,” Kazemi said.

Life Science makes catheters, implantable devices and electro‐medical and fiber‐optic instruments for medical device makers that sell them under their brand names. It also sterilizes and packages products and does assembly work such as ultrasonic cleaning and welding.

A key goal of the move: expanding work for big medical device makers.

Life Science’s customers include Medtronic Inc. of Minneapolis, Baxter International Inc. of suburban Chicago, Stryker Corp. of Kalamazoo, Mich., and Natick, Mass.‐based Boston Scientific Corp.

The move “allowed us to go after a new type of business that we were not capable of attracting before,” Kazemi said. “Our existing customers were reaching a point where we have to provide them a high‐quantity production to compete with the other companies.”

Life Science’s new building has 10,000 square feet of clean room space for sterile manufacturing, as opposed to 3,000 in its former facility, Kazemi said.

Kazemi was guarded when asked about Life Science’s revenue, saying only that the business does less than $10 million in yearly sales.

Life Science used to be known as Medical Device Manufacturing and Ventures Inc., operating out of three leased buildings in Brea. The company was started in 1997 and changed its name in 2001.

The company’s building at 830 Challenger St. is one of 16 in the Voit Brea Business Park, built by Woodland Hills‐ based Voit Cos. Life Science’s building was finished last April.

Steve Schaner, a broker with Grubb & Ellis Co.’s Anaheim office, represented Life Science in the deal. Mitch Zehner of Voit Commercial Brokerage’s Anaheim Metro office represented the seller, Voit Brea Business Park

Life Science’s new Brea building; workers at old site: company has 85 people, plans to hire about 40 this year

Facility Builders and Erectors Inc., a Brea‐based construction company, did upgrades to the building for Life Science, Kazemi said.

 

By | 2004-02-16T10:42:16+00:00 February 16th, 2004|LSO Blog, LSO News|

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