PROVIDENCE – Contech Medical Inc., a contract manufacturer of medical devices, plans to upgrade and renovate its 100,000-square-foot headquarters on Hartford Avenue with a loan from The Washington Trust Co., the bank said Thursday.
Washington Trust’s commercial and lending industrial group is providing financing for the project to Contech, which supplies companies including Johnson & Johnson, Boston Scientific Corp. and C.R. Bard Inc.
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“Washington Trust has been a great financial partner, providing the financing we needed to upgrade our facilities so that we can maintain our high production standards,” Contech President and CEO Raymond Byrnes said in a statement.
Byrnes, a Rhode Island native, founded Contech in 1987 to market his invention of an innovative dispenser for guidewires, which doctors use with catheters in procedures such as angioplasty.
Contech employed 115 workers at its Olneyville headquarters as of February, according to the R.I. Economic Development Corporation.
Additional information is available at contechmedical.com.
