Teleflex Acquires Assets of Australian Distribution Partner
July 29 2015 - 5:00PM
Business Wire
Acquisition of N. Stenning & Co Ltd. Pty
Assets Enables Direct Sales and Distribution of additional Teleflex
products in Australia
Teleflex Incorporated (NYSE:TFX), a leading global provider of
medical devices for critical care and surgery, has acquired certain
assets of N. Stenning & Co Ltd. Pty, its distribution partner
for Teleflex’s surgical products in Australia. Included in the
transaction are the N. Stenning surgical customer relationships
throughout Australia and a team of surgical sales representatives
who are now direct employees of Teleflex Australia.
The acquisition of assets from N. Stenning & Co Ltd. Pty is
another example of Teleflex executing a strategy of converting
select distributors to a direct sales model, enabling the company
to sell and distribute its products on a direct basis to its
end-customers. N. Stenning & Co Ltd. Pty started distributing
Teleflex surgical products under the Pilling and Weck brands nearly
35 years ago.
“Combining the experienced N. Stenning team with our existing
direct distribution organization in Australia will strengthen and
leverage the Teleflex sales platform to support new surgical
product growth,” said Benson Smith, Chairman, President and Chief
Executive Officer. “At the same time, this accretive acquisition
allows us to capture additional margin and to better understand the
needs of our customers, enabling us to grow our surgical products
business more effectively.”
About Teleflex Incorporated
Teleflex is a leading global provider of specialty medical
devices for a range of procedures in critical care and surgery. Our
mission is to provide solutions that enable healthcare providers to
improve outcomes and enhance patient and provider safety.
Headquartered in Wayne, PA, Teleflex employs approximately 12,200
people and serves healthcare providers worldwide. For additional
information about Teleflex please refer to www.teleflex.com.
Forward-Looking Statements
Any statements contained in this press release that do not
describe historical facts may constitute forward-looking
statements. Any forward-looking statements contained herein are
based on our management's current beliefs and expectations, but are
subject to a number of risks, uncertainties and changes in
circumstances, which may cause actual results or company actions to
differ materially from what is expressed or implied by these
statements. These risks and uncertainties are identified and
described in more detail in our filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-K.
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Teleflex IncorporatedJake ElguiczeTreasurer and Vice President,
Investor
Relations610-948-2836jake.elguicze@teleflex.comwww.teleflex.com
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