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Tecomet completes acquisition of Teleflex

Tecomet has completed the acquisition of OEM Orthopedics business of Teleflex Incorporated for $45.2m in cash.

Teleflex’s orthopedics business includes the Beere Medical brand product line which provides surgical instruments used for orthopedic and spinal procedures.

In addition, the business includes SMD product line, providing micro-machined products ranging from simple components to complex devices.

The SMD line products include implant systems (spinal, small bone, dental), mono- and poly-axial screws, flat or anatomic plates, straight or pre-bent rods, connectors and implant insertion instruments.

Teleflex previously said that upon completion of the transaction, its OEM division will focus on expanding its Deknatel and TFX OEM brands.