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Deal snapshot: SURGICAL SPECIALTIES TO ACQUIRE GERMAN NEEDLE AND SUTURE MANUFACTURER.

MANews-(C)2009-2016

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.

Country: Germany

Sector: Healthcare

Target: FSSB Chirurgische Nadein GMBH

Buyer: Surgical Specialties Corp

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Jan 27, 2016
Words:112
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