MENTOR ACQUIRES PRODUCT LINE
MENTOR ACQUIRES PRODUCT LINE SANTA BARBARA, Calif., Aug. 3 /PRNewswire/ -- Mentor Corp.
(NASDAQ: MNTR) today announced that Mentor O&O, its ophthalmology subsidiary, has reached an agreement to purchase certain assets of the ophthalmic division of Bio-Rad Laboratories Inc.
Robert J. Mercier, president of Mentor O&O, stated that the purchase includes several unique tonometry products which are used in the diagnosis of glaucoma. "The Bio-Rad products fit well with the company's strategy to strengthen its position in glaucoma diagnosis and treatment," Mercier said. "We believe this new product line provides a significant growth opportunity." Mercier went on to say that the acquired products are expected to generate approximately $4 million in sales over the next 12 months. Terms of the transaction were not disclosed. Mentor Corp. produces medical and surgical devices for the specialties of urology, plastic surgery and ophthalmology. -0- 8/3/92 /CONTACT: Christopher J. Conway of Mentor, 805-681-6000/ (MNTR) CO: Mentor Corp. ST: California IN: MTC SU: TNM
BP-EH -- LA001 -- 6178 08/03/92 12:46 EDT
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|Date:||Aug 3, 1992|
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