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Rx Textiles announces buy of SPT Technology.

M2 PHARMA-September 28, 2010-Rx Textiles announces buy of SPT Technology(C)2010 M2 COMMUNICATIONS

28 September 2010 - US Rx Textiles Inc, a supplier of fabrics to the medical industry, said Monday it has taken over Minneapolis-based orthotic and prosthetic supplies maker SPT Technology Inc for an undisclosed sum.

The acquisition will enable Rx Textiles to widen its product offering on a global scale, David Glontz, sales director at the company, said in a statement. The integrated product lines will provide the company's customers with the benefit of sourcing everything needed for socket laminations from one company, he added.

SPT Technology specialises in the production of polyvinyl alcohol sleeves, lamination resin, carbon braid and other lamination products.

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Publication:M2 Pharma
Date:Sep 28, 2010
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