Teleflex pays $2 billion cash to buy Arrow.(News)

Plastics News, July, 2007

Byline: Mike Verespej Adding yet another leg to its rapidly growing medical business, Teleflex Inc. has agreed to acquire Arrow International Inc. for $2 billion in an all-cash transaction. The July 23 acquisition creates a $1.4 billion company with a deeper and broader medical product line that will account for 45 percent of the parent company's sales and 70 percent of its profit, compared with 33 percent and 56 percent in 2006.

The two global companies are 30 miles apart in central Pennsylvania: Teleflex in Limerick and Arrow in Reading. Research Triangle Park, N.C.-based Teleflex Medical, which makes disposable products for the anesthesia, respiratory, urology and surgical markets, derives half of its sales from outside the United States. Arrow, a...

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