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Teleflex Completes Sale of OEM Orthopedics Business

Thu, 08/16/2012 - 5:00pm
The Associated Press

LIMERICK, Pa.--(BUSINESS WIRE)--Aug 16, 2012--Teleflex Incorporated (NYSE:TFX), a leading global provider of medical devices for critical care and surgery, announced today that it has completed the previously announced sale of its OEM Orthopedics business to Tecomet.

The OEM Orthopedics business is reflected as a discontinued operation in Teleflex's consolidated financial statements.

Ballard Spahr LLP acted as legal counsel to Teleflex in the transaction.

ABOUT TELEFLEX INCORPORATED Teleflex is a leading global provider of specialty medical devices for a range of procedures in critical care and surgery. Our mission is to provide solutions that enable healthcare providers to improve outcomes and enhance patient and provider safety. Headquartered in Limerick, PA, Teleflex employs approximately 11,200 people worldwide and serves healthcare providers in more than 130 countries. For additional information about Teleflex please refer to http://www.teleflex.com.

ABOUT TECOMET Tecomet is a leading contract manufacturing, engineering and metal fabrication technology company based in Wilmington, MA. The Company specializes in net shape forging, precision machining, photochemical etching, surface texturing, vacuum brazing, laser and electron beam welding, and rapid prototyping. Tecomet is ISO13485, ISO9001, and AS9100 certified and has over 45 years of experience supplying precision engineered components and assemblies to the medical, aerospace/defense, and commercial/industrial markets, with special emphasis on orthopedic, trauma, and spinal implants. For more information, please visit http://www.tecomet.com or call 888-287-0400.

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