Teleflex Incorporated Acquires Laparoscopic Medical Device Business
LIMERICK, Pa.--(BUSINESS WIRE)--Teleflex Incorporated (NYSE:TFX) announced today that it has acquired the assets of Taut Inc., an innovative provider of instruments and devices for minimally invasive surgical procedures. The business will become part of Teleflex Medical, a division of Teleflex Incorporated with 2005 revenues of over $830 million. In 2005, Taut’s annual revenues for these product lines were approximately $10 million. Teleflex is currently a distributor of Taut products in Europe. The terms of the agreement were not disclosed.
Taut specializes in laparoscopic surgery and other minimally invasive solutions, offering products for general surgery and specialized gynecological, bariatric, pediatric and urologic procedures. Foremost among Taut product lines is the revolutionary design of ADAPt® bladeless laparoscopic access devices. Designed to minimize complications in laparoscopic surgery, ADAPt ports are an alternative to traditional bladed trocars. Taut product lines also include a range of specialty offerings for surgeons including cholangiogram catheters and related products, a common bile duct exploration kit, insufflation needles and latex-free wound drainage solutions.
“The Taut product lines are a great fit with the Teleflex Medical family of brands. These products continue the Teleflex legacy of offering innovative medical devices that command surgeon preference and reduce the risks, operating time and expense of surgery,” said Ernest Waaser, president of Teleflex Medical. “Teleflex has already achieved success as a distributor of Taut products in Europe and our global sales force will be able to promote and extend the product line.”
About Taut:
Taut Inc. manufactures products for the general surgery, gynecology, urology, thoracic and bariatric surgical markets. With over 33 years of experience in the design, manufacture and marketing of surgical products, Taut has built a presence in over 2,000 U.S. hospitals, 120 medical schools and 26 countries worldwide. Taut offers unique products for bladeless laparoscopic access, cholangiography, laparoscopic common bile duct exploration and latex-free wound drainage. For more information, please refer to www.taut.com.
About Teleflex Medical
Teleflex Medical 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 sutures used in surgery * Design and manufacture of specialty products for medical device manufacturers
Teleflex Medical markets healthcare supplies under the HudsonRCI® and Rüsch® brand names and surgical instruments and medical devices under the Beere®, Deknatel®, KMedic®, Pilling® and Weck® brands. Further information on Teleflex Medical products is available at www.teleflexmedical.com.
About Teleflex Incorporated
Teleflex Incorporated is a diversified company with revenues of $2.5 billion in 2005. 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 24 countries, Teleflex employs more than 20,000 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. Contacts
Teleflex Incorporated, Limerick Julie McDowell, 610-948-2836