Advanced precision manufacturer closing Colorado Springs facility
Layoffs are coming for more than 130 local employees as a U.S.-based contract medical manufacturer prepares to close its southeast Colorado Springs facility.
EPTAM Precision Solutions, headquartered in New Hampshire, “has made the difficult decision to permanently close its manufacturing facility” at 615 Wooten Road, Suite 150, President and Chief Commercial Officer Bill Flaherty said by email on Tuesday.
“The closure reflects changes in customer demand and a consolidation of EPTAM’s manufacturing footprint,” he said. “This decision allows EPTAM to better align production with the needs of our core customers to continue to deliver the quality and reliability they expect.”
EPTAM Precision Solutions, Inc. is a Frazier Healthcare Partners portfolio company founded in 1981. EPTAM provides high-precision manufacturing for top medical device and life science companies worldwide, specializing in precision machining, injection molding, liquid silicone rubber molding and laser processing for the aerospace, defense, medical and industrial markets.
EPTAM Precision Metals’ state-of-the-art, 70,000-square-foot facility in Colorado Springs handles all metals assembly, packaging and design for its customers, the website states.
The company purchased the Springs-based contract medical manufacturer Relius Medical in November 2018, acquiring assets including the facility on Wooten Road.
The facility’s closure has necessitated the permanent layoffs of 134 local employees, EPTAM notified the Colorado Department of Labor and Employment in a Jan. 15 letter.
The Worker Adjustment and Retraining Notification (WARN) Act requires large employers, in most cases, to provide employees with 60 days’ notice of job eliminations.
The layoffs are expected to occur between March 16 and Sept. 30, the notice said.
Affected positions include assemblers, materials handlers, various technicians, operations support, staff accountants, various managers and more.
In a written statement, the company said in part on Tuesday: “Our people are the foundation of EPTAM, and our top priority is supporting the employees impacted by this closure. We are committed to treating every team member with respect and dignity and are providing transition support, including severance, benefits continuation, job placement assistance and transition assistance. …
“We are deeply grateful for the dedication, craftsmanship and professionalism demonstrated by our employees at this facility, as well as for the support of the local community throughout the years.”
EPTAM Precision also has six other facilities for molding, research and development, micro-machining and plastics throughout Massachusetts, Michigan, Minnesota, New Hampshire and New Jersey, according to its website.
Flaherty said the company is evaluating opportunities where possible for affected employees to apply for positions at other EPTAM facilities. Potential transfers will be considered on a case-by-case basis, he said.
Flaherty could not provide a specific number of potential relocations on Tuesday.
“We remain committed to our customers, employees and partners and will continue to operate our other EPTAM facilities while investing in long-term growth and operational excellence,” the company said in its statement.





