PEMBROKE, Bermuda, March 22 /PRNewswire-FirstCall/ -- Tyco International Ltd. today announced that Tyco Healthcare's Surgical Devices business has acquired Polysuture, a Brazilian suture manufacturer. Terms of the transaction, which is subject to regulatory approval in Brazil, were not disclosed.
"Tyco Healthcare's acquisition of Polysuture demonstrates our commitment to the global market," said Richard J. Meelia, Chief Executive Officer (CEO) of Tyco Healthcare. "The healthcare market in Latin America is growing rapidly and our manufacturing presence in the region will enable us to compete more effectively and to serve this market with a comprehensive suture product portfolio."
Located in Sao Sebastiao do Paraiso, Minas Gerais, Brazil, Polysuture was founded six years ago and employs 200 people. The company manufactures gut, silk and nylon sutures that may be used in virtually all surgical procedures. These core products, coupled with the specialty suture products now sold by Surgical Devices under the Syneture brand, will be sold by Polysuture's existing distributor network.
ABOUT TYCO INTERNATIONAL
Tyco International Ltd. is a global, diversified company that provides vital products and services to customers in four business segments: Electronics, Fire & Security, Healthcare and Engineered Products & Services. With 2006 revenue of $41 billion, Tyco employs approximately 240,000 people worldwide. More information on Tyco can be found at www.tyco.com.
ABOUT TYCO HEALTHCARE
As a major business segment of Tyco International Ltd., Tyco Healthcare manufactures, distributes and services an extensive product line including disposable medical supplies, monitoring equipment, innovative wound closure products, advanced surgical devices, medical instruments and bulk analgesic pharmaceuticals. With industry-leading brand names such as Autosuture, Kendall, Mallinckrodt, Nellcor, Puritan Bennett, Syneture and Valleylab, Tyco Healthcare products are found in virtually every healthcare setting. More information can be found at www.tycohealthcare.com.
FORWARD-LOOKING INFORMATION
This release may contain certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. The forward-looking statements in this release include statements addressing the following subjects: future financial condition and operating results. Economic, business, competitive and/or regulatory factors affecting Tyco's businesses are examples of factors, among others, that could cause actual results to differ materially from those described in the forward-looking statements. Tyco is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. More detailed information about these and other factors is set forth in Tyco's Annual Report on Form 10-K for the fiscal year ended September 29, 2006 and most current Quarterly Report on Form 10-Q for the quarter ended December 29, 2006.
Tyco International Ltd.CONTACT: Media, Sheri Woodruff, +1-609-720-4399, swoodruff@tyco.com;Investor Relations, Ed Arditte, +1-609-720-4621, or Karen Chin, +1-609-720-4398, all of Tyco International
Web site: http://www.tyco.com//
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