Delphi Medical takes residence in Frederick with Peak purchase

FREDERICK — In November, Delphi Medical Systems, a unit of auto-products giant Delphi Corp., won a $50 million contract to make vital-signs monitoring devices for Zoe Medical.

Still, Delphi Medical, founded in 2002, didn’t really have a manufacturing facility to call its own, relying on the parent company’s facilities in Troy, Mich.

That changed last month, when Delphi Medical decided to pay $44 million to buy Peak Industries Inc., a rising star in the contract-manufacturing industry.

Under terms of the deal, the Peak facilities in Frederick will become Delphi Medical’s principal manufacturing site. Peak’s 280 employees will stay on for…