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MedPlast LLC to acquire advanced surgical, orthopedics product lines from Integer

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Integer Holdings Corporation announced it has entered into an agreement to sell its advanced surgical and orthopedics product lines to MedPlast LLC for $600 million in cash, according to a press release.

“MedPlast is incredibly excited about the addition of Integer’s [advanced surgical and orthopedics] AS&O capabilities to our existing platform,” Brian King, MedPlast CEO, said in the release. “This acquisition will further broaden our offerings and strengthen our ability to provide our customers with innovative solutions to meet their challenging needs. It also will provide additional scale and new growth opportunities for MedPlast. We are excited to be working with the AS&O team and look forward to collectively growing our company and continuing to deliver outstanding service to our customers.”

The acquisition will reportedly double MedPlast’ s size to approximately $1 billion in sales and expand its presence in Europe. MedPlast will hire around 6,000 engineers, technicians and assembly workers across Asia, Central America, Europe and the United States.

Reference:

www.integer.net