Teleflex expands catheter OEM business | Wall Street Beat
Teleflex expands its catheter OEM business in New Hampshire, a few months after ditching its orthopedic OEM arm for $43 million.
Teleflex (NYSE:TFX) may be getting out of the orthopedic OEM business, but it's still going strong with its other OEM businesses, as evidenced by a newly expanded facility in Jaffrey, N.H., the medical device company opened last week.
Research Triangle Park, N.C.-based Teleflex Medical OEM's new plant, which employs about 318 workers, makes interventional catheters. The expansion is expected to add about 25 jobs to the plant, or roughly 8%.
The 10,000-square-foot expansion was prompted by increased demand, company officials told Medical Products Outsourcing.