ITW Medical Products Acquires Coeur Holding Company
Hebron, IL. October 8, 2012 - ITW Medical Products, a division of Illinois Tool Works (NYSE: ITW), today announced it has completed the purchase of Coeur Holding Company, a leading provider of disposable medical products used in diagnostic imaging and other medical procedures. Terms of the transaction were not disclosed.
“Coeur has great customer focus, innovative medical products and a talented leadership team,” said Jim Van Ingen, ITW Group President. Jay Cude, CEO of Coeur, said "I am excited about joining ITW. The company is committed to the medical products market and is planning on investing in Coeur's growth. Our customers will also have access to the ITW Medical Products Filtertek line of products." ITW Medical Products is now a division comprised of two strong medical product brands, Coeur and Filtertek, situated to proactively meet the needs of customers in the marketplace. The Filtertek product line is comprised of custom plastic insert molded filtration and flow control components for global OEM medical device customers. Coeur is a leading provider of disposable medical products used in diagnostic imaging and other medical procedures. ITW Medical Products will continue selling both Coeur products and the Filtertek line under their respective brands. "Both Coeur and Filtertek have strong brand equity and a history of providing innovative medical products to OEM Medical Device customers who demand excellence." said Law Burks, VP and General Manager of ITW Medical Products, who stated further that, "ITW Medical Product customers will now have access to a broader range of fluid management, filtration, flow control and tubing products." ITW Medical Products' global footprint now includes manufacturing, and sales operation locations in: Hebron, IL; Elk Grove Village, IL; Sheboygan, WI; Washington, NC; Shanghai, China; Sao Paulo, Brazil; Newcastle West, Ireland; Juarez, Mexico; Saltillo, Mexico and Madrid, Spain.
Celebrating its 100-year anniversary in 2012, ITW is a Fortune 150 global diversified industrial manufacturer of value-added consumables and specialty equipment with related service businesses. The Company focuses on profitable growth and strong returns across worldwide platforms and businesses. The businesses serve local customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW’s revenues totaled $17.8 billion in 2011, with more than half of the revenues generated outside of the United States.
SOURCE: ITW Medical Products
CONTACT: Law Burks of ITW Medical Products, +1-815-648-2416, or E:Mail: LBurks at ITWMedical.com
For More Information visit ITW Medical Products on the web at www.ITWMedical.com