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news.Symmetry Medical has completed the acquisition of DePuy Orthopaedics's facility for orthopaedic instrument manufacturing in New Bedford, for $45 million in cash.
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In December 2007, Symmetry and DePuy have entered into a supply agreement which requires DePuy to make minimum purchases from the New Bedford facility for a four year period.
Brian Moore, president and CEO, said: “We believe this acquisition provides additional manufacturing capacity to service our broader customer base, builds on our relationship with DePuy, expands our East Coast presence and allows us to move forward with an existing skilled workforce to service our growing market.”