AngioDynamics (ANGO) Still Growing Strong, Plans More Jobs
10/22/2012 8:46:46 AM
AngioDynamics Inc. President and CEO Joe DeVivo doesn’t flinch when asked about his firm’s future in the Glens Falls area. “It’s going to be a hell of a company,” he said during an interview Wednesday at AngioDynamics’ Glens Falls facility off Dix Avenue. “We’ve gone through the pain this year to build a foundation. Today, I think we have a strong operating team that’s ready for growth, and now it’s just a matter of us being opportunistic, letting our (research and development) pay off, letting our top line grow, and then, as we grow, so does our footprint, and so do the opportunities.” AngioDynamics was founded in 1988 by Eamonn Hobbs, who today is CEO of Delcath Systems Inc., another medical device maker with operations in Catheter Valley. AngioDynamics’ product portfolio has grown over the years to include a range of high-tech catheters and devices for treating periphery vascular disease and cancer. Originally known as the North American Medical Instruments Corp., the Navilyst facility is no stranger to buyouts. The AngioDynamics purchase is the fourth such deal struck for the plant since 1998.