7 May 2002
Smiths Group has sold two of its specialist medical device businesses, neither of which is considered a core activity, for 7.3 million in cash. The urology products and ostomy products businesses have been purchased by Mentor Corporation, a NASDAQ-listed U.S. company.
Urology products are used by long-term incontinence sufferers and are made at Colchester, Essex. Ostomy products, used by patients following a bowel or bladder diversion operation, are manufactured in Lancing, West Sussex. These products are marketed primarily under the Simcare brand which is being transferred with the businesses. Both businesses are expected to benefit from joining a company specialising in products for this segment of the international healthcare industry.
ENDS
Related articles
John Crane signs five-year contract to support major oil company’s Canada complex
Read our latest company news as John Crane signs a 5-year contract with a major hydrocarbon processing complex
Find out more
John Crane awarded major 5-year Dry Gas Seal repair contract from KPO
John Crane, a global leader in rotating equipment solutions and energy transition technologies and services, and a business of Smiths Group plc, has been awarded a significant contract from Karachaganak Petroleum Operating B.V. (KPO) one of the major oil and gas operators based in Kazakhstan.
Find out more
Smiths Interconnect launches new technology to reduce power loss in industrial batteries
Innovative, environmentally friendly product provides up to 90% more energy transfer than existing offering
Find out more
