Velosity is a family of companies that provides a fully integrated solution for medical device and defense manufacturers. It offers design support and engineering, tool design and manufacture, tool sampling and process development, injection molding, contract manufacturing, and more. It was founded in 1965 and is based in Forest Lake, Minnesota.
Latest Velosity News
Oct 31, 2023
Patraw brings a wealth of operations experience to the position. Rich Patraw. In his new role, Patraw will provide strategic leadership for Velosity’s teams located at its multiple sites in Forest Lake, Brooklyn Park, and Becker, MN, as well as oversee its supply chain, procurement, and facilities. Experience Patraw brings a wealth of operations experience to the position, having successfully led the Operations team in Brooklyn Park for the past six years and accumulated 17 years of experience at Boston Scientific in various operational leadership roles. During his tenure at Boston Scientific, he played a pivotal role in executing the manufacturing strategy for a drug-eluting stent, contributing to one of the most successful product launches in their portfolio. His extensive background encompasses operations, continuous improvement, molding, design, technology transfers, and collaborating with multi-site operations, both domestic and international. "Rich has a wealth of experience in building a strong team culture and fostering an environment of empowerment and high-performing teams," said Dave Hemink, CEO of Velosity. "His extensive background in continuous improvement has led to significant efficiency gains, substantial waste reduction, and the delivery of over $2 million in Value Improvement Programs." In his capacity as Vice President of Operations, Patraw will be responsible for overseeing all aspects of Velosity’s operational processes, implementing continuous improvement strategies, streamlining workflows, and driving best practices throughout the organization.
Velosity Frequently Asked Questions (FAQ)
When was Velosity founded?
Velosity was founded in 1965.
Where is Velosity's headquarters?
Velosity's headquarters is located at 20697 Fenway Avenue North, Forest Lake.
What is Velosity's latest funding round?
Velosity's latest funding round is Other Investors.
Who are the investors of Velosity?
Investors of Velosity include Graham Partners.
Who are Velosity's competitors?
Competitors of Velosity include Xcentric and 4 more.
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