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April 08, 2011

Roch. Medical wraps up buying European firm

It is a done deal.

Stewartville's favorite silcone catheter maker, Rochester Medical, officially completed its $10.5 million acquistion a medical supplies company in the Netherlands this week.


Back in January, Rochester Medical announced a deal to buy a company called Laprolan B.V. from its parent firm of Fornix N.V. Shareholders of Fornix voted to approve that deal last week.

The acquisition fits with the international focus at Rochester Medical, which tallied about $42 million in sales last year.

The company exports the majority of the catheters it makes in Stewartville to European markets.


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