Integra LifeSciences buys Confluent Surgical product line

By Gayle S. Putrich
Staff Reporter

Published: January 23, 2014 7:32 pm ET
Updated: January 23, 2014 7:34 pm ET

Related to this story

Topics Medical, Mergers & Acquisitions

Global medical device maker Covidien plc has finalized the sale of its Confluent Surgical product line to Integra LifeSciences Holdings Corp. of Plainsboro, N.J., for $235 million in a cash deal.

Dublin, Ireland-based Covidien will also receive up to an additional $30 million, based on the achievement of undisclosed performance milestones related to the transition of the product line to Integra.

In a news release, Covidien said the sale would allow the company to “better focus resources on its global strategic priorities.” In December, Covidien announced it would acquire gastrointestinal market leader Given Imaging Ltd. for approximately $860 million; that deal is pending shareholder approval and expected to close by March 31.


Comments

Integra LifeSciences buys Confluent Surgical product line

By Gayle S. Putrich
Staff Reporter

Published: January 23, 2014 7:32 pm ET
Updated: January 23, 2014 7:34 pm ET

Post Your Comments


Back to story


More stories

PolyQuest spins off FiberQuest unit

April 18, 2014 10:14 am ET

PolyQuest Inc. has spun off its FiberQuest unit — which distributes polyester staple fibers and cotton — as a separate company.    More

Spain's Cristian Lay Group buys two materials units of bankrupt LSB

April 17, 2014 11:11 am ET

Spanish industrial conglomerate Cristian Lay Group has purchased two of the bankrupt Spanish PET packaging group La Seda de Barcelona.    More

MGS buying N.Y. medical molding plant from Hospira

April 17, 2014 10:19 pm ET

MGS Manufacturing Group is purchasing the Buffalo, N.Y., injection molding facility and related product line of Hospira Inc., effective July 1. Terms ...    More

Image

Navigating the rough seas of selling your company

April 17, 2014 2:47 pm ET

For family owned plastics firms who survived the Great Recession, many wonder: Is it time to sell, retire and sip cocktails on the beach? Or, maybe...    More

Negri Bossi's new owners may 'bring significant manufacturing' to US

April 16, 2014 1:09 pm ET

Italian plastics equipment major Negri Bossi may “bring significant manufacturing of injection molding machines back to the United States”...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events