May 5 2012
Accellent Inc. ("Accellent" or the "Company"), a wholly-owned subsidiary
of Accellent Holdings Corp., has entered into an agreement to sell its
facility located just outside of Pittsburgh in Houston, Pennsylvania
(the "Facility") to The Perryman Company ("Perryman"), also
headquartered in Houston, Pennsylvania. Substantially all of the
Facility's employees will become employees of Perryman effective upon
completion of the sale, which is expected to be completed during the
second quarter of 2012.
Donald Spence, President and CEO of Accellent, stated "This sale allows
Accellent to better focus on its core medical device markets and
provides a great future for our employees in Pittsburgh. Perryman is an
international company with existing relationships with many of the
Facility's customers."
"This acquisition is consistent with Perryman's strategy to leverage our
full integration position and continue to deliver value for our medical
customers," added Frank Perryman, President and CEO of Perryman.