Teleflex Incorporated has entered into a definitive agreement to purchase all the assets of LMA International for SGD343.5m ($276m) in cash.
LMA is involved in manufacturing laryngeal masks including LMA laryngeal mask airway and the LMA Atomization products, used in anesthesia and emergency care units.
Teleflex Incorporated chairman and president and CEO Benson Smith said the acquisitions will be complementary to its current anesthesia and respiratory businesses, creating a stronger, more diversified business segment with more than $530m in combined annual sales.
"The addition of these businesses significantly strengthens and expands our global anesthesia product portfolio, providing opportunities with respect to key clinical U.S. and international call points, while also further strengthening our GPO relationships," Smith added.
The transactions, which is expected to be closed during the fourth quarter of 2012, is subject to LMA shareholder approval, regulatory approvals and other customary closing conditions.
In separate transaction, Teleflex also signed a definitive agreement with the shareholders of Intavent Direct and affiliates to acquire the LMA branded laryngeal mask supraglottic airway business and certain other products in the UK, Ireland and Channel Islands.