Tyco International to Acquire Suture Manufacturer in Brazil
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Tyco International (US) Inc.
9 Roszel Road
Princeton, NJ, 08540
Press release date: March 22, 2007
PEMBROKE, Bermuda, March 22: Tyco International Ltd. (NYSE:TYC) today announced that Tyco Healthcare's Surgical Devices business has acquired Polysuture, a Brazilian suture manufacturer. Terms of the transaction, which is subject to regulatory approval in Brazil, were not disclosed.
"Tyco Healthcare's acquisition of Polysuture demonstrates our commitment to the global market," said Richard J. Meelia, Chief Executive Officer (CEO) of Tyco Healthcare. "The healthcare market in Latin America is growing rapidly and our manufacturing presence in the region will enable us to compete more effectively and to serve this market with a comprehensive suture product portfolio."
Located in Sao Sebastiao do Paraiso, Minas Gerais, Brazil, Polysuture was founded six years ago and employs 200 people. The company manufactures gut, silk and nylon sutures that may be used in virtually all surgical procedures. These core products, coupled with the specialty suture products now sold by Surgical Devices under the Syneture brand, will be sold by Polysuture's existing distributor network.
ABOUT TYCO INTERNATIONAL
Tyco International Ltd. is a global, diversified company that provides vital products and services to customers in four business segments: Electronics, Fire & Security, Healthcare and Engineered Products & Services. With 2006 revenue of $41 billion, Tyco employs approximately 240,000 people worldwide. More information on Tyco can be found at www.tyco.com.
ABOUT TYCO HEALTHCARE
As a major business segment of Tyco International Ltd., Tyco Healthcare manufactures, distributes and services an extensive product line including disposable medical supplies, monitoring equipment, innovative wound closure products, advanced surgical devices, medical instruments and bulk analgesic pharmaceuticals. With industry-leading brand names such as Autosuture, Kendall, Mallinckrodt, Nellcor, Puritan Bennett, Syneture and Valleylab, Tyco Healthcare products are found in virtually every healthcare setting. More information can be found at www.tycohealthcare.com.
Source: Tyco International Ltd.
CONTACT: Media, Sheri Woodruff, +1-609-720-4399, email@example.com; Investor Relations, Ed Arditte, +1-609-720-4621, or Karen Chin, +1-609-720- 4398, all of Tyco International Web site: http://www.tyco.com/ Company News On-Call: http://prnewswire.com/comp/897850.html