Veridiam's metal parts are made to order. The contract manufacturer is hired to work with R&D teams and product engineers in the aerospace, health care, and nuclear power industries to design and produce custom fabricated metal components, tubing, and assemblies. Its products are used in aircraft, medical and dental devices, and nuclear water reactors. Offering both prototyping and full manufacturing services, Veridiam's capabilities include electroplating, electropolishing, hole drilling, laser welding, milling, and precision machining. It counts space technology giant Northrop Grumman among its customers. The company has operations in California and Costa Rica.
Neal Nordstrom resigned as Veridiam's CEO in 2009 and was succeeded by Andrew Gale, previously the president and CEO of C-Tech Industries. Nordstrom will remain with the company in an executive capacity.
Veridiam picked up its Costa Rican manufacturing operations in 2007 when it acquired Point Technologies, a contract manufacturer for the medical device, biotechnology, and semiconductor industries. Just prior to that, it bought Allied Swiss Screw Products, another medical device parts fabricator that specialized in bone screws, dental implants, and surgical drills. Such acquisitions are part of Veridiam's ongoing strategy to enhance its competencies in the medical manufacturing market -- one of the fastest growing markets in the US.
Veridiam was formerly known as Carpenter Special Products Corporation before it was sold by Carpenter Technology Corporation in 2005 to private equity firm WHI Capital Partners. – less