In Brief: Thermo Electron
This article was originally published in The Gray Sheet
Executive Summary
Thermo Electron: Tecomet subsidiary acquires surgical instruments manufacturer North East Surgical Tool in a cash transaction valued at approximately $4.2 mil. Based in Pembroke, Massachusetts, North East Surgical produces rotating surgical instruments for orthopedic, spinal, and cranial procedures. The company posted estimated revenues of $4 mil. for calendar year 1995. Tecomet President Wes Schuster says the acquisition is an "excellent fit" and will "broaden" Tecomet's largest product line -- reconstructive hip joints and trauma systems for orthopedic uses...