PLYMOUTH MEETING, Pa., Sep 6, 2002 (BUSINESS WIRE) -- Teleflex Incorporated
(NYSE:TFX) announced today that it had acquired Beere Precision Medical
Instruments, a privately-held company with annual sales of approximately $10
million. Terms of the deal were not disclosed. Beere, based in Kenosha,
Wisconsin, designs, manufactures and supplies surgical instrumentation used in
orthopedic procedures. The majority of the company's products are used in the
spinal market, a fast-growing segment of the orthopedic instruments market.
"Beere is an excellent fit with our portfolio of medical businesses," said
Jeffrey P. Black, president and chief executive officer of Teleflex. "We are
focused on building our in-house product development in order to enhance core
growth at Teleflex Medical, and Beere has strong engineering capabilities in
that regard."
The current management, Guy L. Bradshaw, president and a founder of Beere, and
James A. Rinner, vice president of research & development, will continue in
their roles.
Teleflex Incorporated is a $2 billion diversified company serving the aerospace,
automotive, marine, industrial and medical markets worldwide. Teleflex Medical,
which currently represents 21% of the company's annual sales, has grown
primarily through acquisitions, and today has manufacturing capabilities around
the world. Since 1989, the division has integrated 23 companies into its
portfolio. Additional information is available at www.teleflex.com.
Statements in this news release, other than historical data, are considered
forward-looking statements under the Private Securities Litigation Reform Act of
1995. These statements are subject to various risks and uncertainties that could
cause actual results to differ from those contemplated in the statements. These
factors are discussed in the company's Securities and Exchange Commission
filings.
CONTACT:
Teleflex Incorporated
Janine Dusossoit, Vice President, Investor Relations
610/834-6301
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