Cook Medical invests $19 million into a new plant in CEO Bill Cook's hometown of Canton, Ill., possibly the company's last U.S. construction project ahead of the 2.3% medical device tax taking effect in January.

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Private medical device maker giant Cook Medical put $19 million into a new Illinois manufacturing facility, possibly the company's last in the U.S.

Cook, the word's largest privately held medtech company, today cut the ribbon a new plant in Canton, Ill., hometown of company founder Bill Cook, who died last year.

The opening ceremony for the facility, dubbed Cook Polymer Technology Canton, was attended by Cook executives as well as by local political officials who lauded the company's efforts to stimulate the local economy and bring jobs to Cook's birthplace.