Mergers & Acquisitions
Press Release Summary:
August 11, 2011 - Rynel Inc., recently purchased by the Swedish company MÃµlnlycke Health Care, is a premier manufacturer of specialty absorbent polyurethane foam products. Founded in 1973 as Twin Rivers Engineering in East Boothbay, Maine, the company expanded operations to the custom built, state-of-the-art Wiscasset, Maine, manufacturing facility in 2005. Rynel currently employs 70+ employees. Recognized for innovation and product quality, Rynel foams are the first choice of many major medical suppliers and manufacturers located throughout the world. Rynel supplies companies in North America, Europe, Africa and the Far East with products addressing a wide range of foam applications. MÃµlnlycke Health Care is a global company headquartered in Gothenburg, Sweden and is among the world's leading suppliers of single-use medical supplies. Rynel has been a highly valued supplier for foam in their advanced wound care line, which has helped patients around the world heal with less pain and trauma. MÃµlnlycke is committed to keeping the company in Maine and continuing to grow Rynel's capabilities and profitability. The Swedish company is known globally for having a solid reputation and being employee-focused. As part of MÃ¶lnlycke, Rynel will retain its name and continue to be a premier manufacturer of specialty absorbent polyurethane foam products. Our business model continues the strategy of working with customers to engineer foam for their needs and serving as a contract manufacturer. Rynel is committed to its original mission of being innovative within the foam marketplace and continuing to partner with customers.
Original Press Release
Rynel Acquired by Mõlnlycke Health Care
Press release date: August 4, 2011