Deal snapshot: SURGICAL SPECIALTIES TO ACQUIRE GERMAN NEEDLE AND SUTURE MANUFACTURER.
US-based medical device maker Surgical Specialties Corp has acquired all shares of German needle and suture maker FSSB Chirurgische Nadein GMBH and affiliated entities, the companies said. The acquisition will be immediately accretive to both Surgical Specialties' sales and adjusted EBITDA.
FSSB was founded in 1995 by current managing directors Henry Frenzel and Joachim Brohammer and two others. They provide a range of needles for use in surgery including micro, ophthalmic and standard surgical needles.
Target: FSSB Chirurgische Nadein GMBH
Buyer: Surgical Specialties Corp
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Jan 27, 2016|
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