Expands OEM business with additional product offerings for
orthopedic and spine markets
LIMERICK, Pa.--(BUSINESS WIRE)--April 11, 2007--Teleflex
Incorporated (NYSE:TFX) announced today that it has acquired the
assets of HDJ Company, Inc. (HDJ) and its wholly owned subsidiary,
Specialized Medical Devices, Inc. (SMD), a provider of engineering and
manufacturing services to medical device manufacturers. The
transaction adds another well respected line of medical components,
devices, implants and instruments used primarily in orthopedic
procedures to the Teleflex Medical portfolio. In 2006, HDJ's annual
revenues for these product lines were approximately $14 million. The
terms of the agreement were not disclosed.
"We are excited about the potential created by combining the
expertise and capabilities of SMD with the Teleflex Medical OEM
business," commented Ernest Waaser, president, Teleflex Medical.
"Combining the SMD brand with our Beere and KMedic lines strengthens
and extends our product offerings for the orthopedic and spine markets
and creates the opportunity to provide medical device manufacturers
worldwide with a more complete range of products and services."
Mary Burton, president of HDJ/SMD added, "In joining Teleflex, SMD
becomes part of an organization that shares with us a history of
manufacturing excellence and a commitment to customer service.
Together, we can expand the market for our products and services and
better serve our existing customers."
About HDJ/SMD
Founded over 40 years ago, HDJ/SMD has become a well respected
provider of engineering and manufacturing services for the industry's
leading medical device manufacturers. Known as Specialized Medical
Devices, Inc. (SMD), the company employs approximately 140 people in
its Lancaster, PA, location. SMD provides a full range of prototyping,
engineering and testing services along with full scale production
machining, assembly and contract packaging.
About Teleflex Medical
Teleflex Medical, a division of Teleflex Incorporated with 2006
revenues of over $850 million, is a leading global supplier of
disposable medical products, surgical instruments and medical devices.
The division supports health providers along the continuum of care in
three main areas:
- Devices for sleep therapy, respiratory care, anesthesia and
urology
- Instruments, medical devices and specialty suture used in
surgery
- Design and manufacture of specialty products for medical
device manufacturers
Teleflex Medical markets healthcare supplies under the
HudsonRCI(R) and Rusch(R) brand names and surgical instruments and
medical devices under the Beere(R), Deknatel(R), KMedic(R),
Pilling(R), Taut(R) and Weck(R) brands.
About Teleflex Incorporated
Teleflex Incorporated (NYSE:TFX) is a diversified company with
revenues of $2.6 billion in 2006. Teleflex designs, manufactures and
distributes quality-engineered products and services for the
automotive, medical, aerospace, marine, and industrial markets
worldwide. Headquartered in Limerick, PA, with operations in 23
countries, Teleflex employs more than 19,000 people worldwide who
focus on providing innovative solutions for customers. Additional
information about Teleflex can be obtained from the Company's website
on the Internet at www.teleflex.com.
Forward-looking information:
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 lncorporated
Julie McDowell
Vice President
Corporate Communications
610-948-2836
SOURCE: Teleflex lncorporated