List of all Mergers and Acquisitions
SYMMETRY MEDICAL SELLING OEM SOLUTIONS (Orthopedics This Week)
Symmetry Medical Inc. will be selling its OEM Solutions business to Tecomet; it will also be transferring its Symmetry Surgical business to its shareholders. Tecomet, owned by Genstar Capital, is a contract manufacturing, engineering and metal fabrication technology company based in Wilmington, Massachusetts.
Symmetry President and CEO Thomas J. Sullivan stated in the August 4, 2014 news release, “We are excited to reach this agreement with Tecomet, which will recognize the value of the OEM Solutions business and enhance the growth potential of Symmetry Surgical. It also provides liquidity for our shareholders along with the upside potential of Symmetry Surgical as a well-positioned, standalone company focused on the large global market for surgical instruments.”
Mr. Sullivan added, “The proposed transaction has significant benefits for Symmetry Medical’s OEM Solutions customers and Symmetry Surgical customers. The merger with Tecomet will create an OEM business that can provide better service based on broader and more comprehensive capabilities. As a standalone company, Symme...
