Smiths Group: Purchase of buys US hose maker

Smiths Group has made three acquisitions worth E11m that consolidates its medical division and adds a US plastics hosing business. The UK group sold Polymer Sealing Solutions to Trelleborg in 2003 and diversified into the medical products sector in late 2004 with the acquisition of Medex in the US.
Now it has acquired Sevit, its medical distributor in Italy, for E2.4m and will combine it with its Medex manufacturing and sales operation in Italy. The move is part of a process for consolidating its global sales channels, said Smiths.
It is also continuing development of its flexible technologies business with the purchase of two US manufacturers. It has paid E6m for Hi-Tech Hose based in Georgetown, Massachusetts, produces flexible hoses and ducting made from PVC, PE and other polymeric materials. The third acquisition, for E2.4m, is air heater products company Farnham Custom Products, based in North Carolina.

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