Acquisition of N. Stenning & Co Ltd. Pty Assets Enables Direct
Sales and Distribution of additional Teleflex products in Australia
WAYNE, Pa.--(BUSINESS WIRE)--Jul. 29, 2015--
Teleflex Incorporated (NYSE:TFX), a leading global provider of medical
devices for critical care and surgery, has acquired certain assets of N.
Stenning & Co Ltd. Pty, its distribution partner for Teleflex’s surgical
products in Australia. Included in the transaction are the N. Stenning
surgical customer relationships throughout Australia and a team of
surgical sales representatives who are now direct employees of TeleflexAustralia.
The acquisition of assets from N. Stenning & Co Ltd. Pty is another
example of Teleflex executing a strategy of converting select
distributors to a direct sales model, enabling the company to sell and
distribute its products on a direct basis to its end-customers. N.
Stenning & Co Ltd. Pty started distributing Teleflex surgical products
under the Pilling and Weck brands nearly 35 years ago.
“Combining the experienced N. Stenning team with our existing direct
distribution organization in Australia will strengthen and leverage the
Teleflex sales platform to support new surgical product growth,” said
Benson Smith, Chairman, President and Chief Executive Officer. “At the
same time, this accretive acquisition allows us to capture additional
margin and to better understand the needs of our customers, enabling us
to grow our surgical products business more effectively.”
About Teleflex Incorporated
Teleflex is a leading global provider of specialty medical devices for a
range of procedures in critical care and surgery. Our mission is to
provide solutions that enable healthcare providers to improve outcomes
and enhance patient and provider safety. Headquartered in Wayne, PA,
Teleflex employs approximately 12,200 people and serves healthcare
providers worldwide. For additional information about Teleflex please
refer to www.teleflex.com.
Forward-Looking Statements
Any statements contained in this press release that do not describe
historical facts may constitute forward-looking statements. Any
forward-looking statements contained herein are based on our
management's current beliefs and expectations, but are subject to a
number of risks, uncertainties and changes in circumstances, which may
cause actual results or company actions to differ materially from what
is expressed or implied by these statements. These risks and
uncertainties are identified and described in more detail in our filings
with the Securities and Exchange Commission, including our Annual Report
on Form 10-K.
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Source: Teleflex Incorporated
Teleflex Incorporated
Jake Elguicze
Treasurer and Vice
President, Investor Relations
610-948-2836
jake.elguicze@teleflex.com
www.teleflex.com