Symmetry Medical Closes Olsen Medical Acquisition

August 23, 2011

Symmetry Medical Inc., a leading global source of innovative medical device solutions, including orthopedic implants, surgical instruments, and sterilization cases and trays, announced that it has completed the previously announced acquisition of Olsen Medical.

Symmetry Medical Inc., a leading global source of innovative medical device solutions, including orthopedic implants, surgical instruments, and sterilization cases and trays, announced that it has completed the previously announced acquisition of Olsen Medical.

Olsen Medical is a leader in the design, development and manufacturing of electrosurgical instruments and accessories. It manufactures a full line of single-use and reusable bipolar and monopolar forceps, cords, electrosurgical pens/pencils, electrodes, and accessories. The company's products are primarily sold in the United States and internationally through distributors. Olsen Medical's domestic distributor network includes Symmetry's wholly-owned subsidiary Specialty Surgical Instrumentation (SSI).

 "The addition of Olsen Medical is representative of our broader strategic initiative to diversify Symmetry's product portfolio and expand our direct hospital business," says Thomas J. Sullivan, president and CEO of Symmetry Medical. "I am pleased to welcome Olsen's employees to the Symmetry Medical team and we look forward to working together to drive growth of their strong product portfolio."