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September 12, 2005 06:57 PM US
Eastern Timezone
.gif) Accellent Acquires Campbell
Engineering; Acquisition Strengthens Company's Position
in Orthopaedic Outsourcing Market
WILMINGTON,
Mass.--(BUSINESS WIRE)--Sept. 12, 2005--Accellent Inc.,
a leading provider of complete integrated contract
manufacturing and design services to the medical device
industry, today announced that it has acquired Campbell
Engineering, a high-tech manufacturing and engineering
firm focused on Orthopaedics. Campbell Engineering has
extensive experience in machining and manufacturing
orthopaedic implants and instruments for the medical
device industry.
"The growth in the orthopaedic market demands
strategic outsourcing partners who can assist medical
device companies in meeting their most important
goals--accelerating the delivery of innovative,
high-quality products and maximizing their return on
investment," states Ron Sparks, President and CEO of
Accellent. "Our acquisition of Campbell Engineering
further strengthens our ability to supply design and
engineering services, component production, and device
assembly to our orthopaedic customers."
Accellent is one of the leading providers of
orthopaedic devices and instruments to the medical
device industry. Fueled by an aging population, active
lifestyles, and technological advances, Accellent
believes the orthopaedic device market will continue to
experience strong growth. To meet increasing demand,
leverage new technology and accelerate time to market,
many orthopaedic device manufacturers strategically
employ outsourcing partners for component manufacturing,
device assembly or complete supply chain management.
Campbell Engineering specializes in precision
machining and assembly of orthopaedic instrumentation
and implants. The company employs engineers, machinists
and technicians.
"Campbell Engineering has significant machining
capabilities and capacity to augment our offerings to
the reconstructive knee, spine and trauma markets,"
states Dan Croteau, Executive Vice President and General
Manager of Accellent's Orthopaedic Division. "We also
gain immediate access to the skilled labor and technical
resources we need to continue to expand our orthopaedic
business through the Huntsville, AL facility."
"Our strategic intent is to be, as ranked by our
customers, the world's best and most innovative order
fulfillment and design organization to the medical
device industry," adds Sparks. "With over 25 years of
experience designing and delivering orthopaedic devices
and instruments, and a proven track record of high
quality and on-time delivery, the resources of Campbell
Engineering will help us move closer to our goal."
About Accellent
Accellent Inc., through its wholly owned subsidiary
Accellent Corp., provides fully integrated contract
manufacturing and design services to medical device
manufacturers in the cardiology, endoscopy and
orthopaedic markets. Accellent has broad capabilities in
design & engineering services, precision component
fabrication, finished device assembly and complete
supply chain management. This enhances customers' speed
to market and return on investment by allowing companies
to refocus internal resources more efficiently. For more
information please visit http://www.accellent.com/
This press release contains forward-looking
statements within the meaning of Section 27A of the
Securities Act of 1933 as amended and Section 21E of the
Securities Exchange Act of 1934 as amended. All
statements other than statements of historical facts
included in this press release constitute
forward-looking statements. These forward-looking
statements involve risks and uncertainties. Important
factors that can cause actual results to differ
materially from the company's expectations are disclosed
in the risk factors contained in the company's Annual
Report on Form 10-K filed with the Securities and
Exchange Commission (the "SEC") on March 15, 2005 and in
subsequent periodic and current reports filed from time
to time by the company with the SEC. All forward-looking
statements are expressly qualified in their entirety by
such risk factors. |
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