Wright Medical Group, Inc. (Wright Medical) has decided to transfer the company's distribution and support facilities in France to its European headquarters in Amsterdam, the Memphis Business Journal reported. The company will close its operations in Crteil, France by year end 2009. This move by the company will cost up to $5 million, including severance and benefits costs to employees.
On September 21, 2009, The company has launched a new subsidiary, Wright Medical Australia Pty, LTD that will directly manage all of the company’s extremity and biologics distribution for customers in Australia and New Zealand.
Wright Medical is an orthopedic medical device company which designs, manufactures and markets reconstructive joint devices and biologics.