Wright Medical Group Inc. has finalized plans to move its distribution and support facilities in France to its European headquarters in Amsterdam. The company will shut down operations in Crteil, France by Dec. 31.
Wright Medical is anticipating the move will cost the company up to $5 million, including severance and benefits costs to employees displaced by the move. Company officials at Wright’s Memphis headquarters did not know the number of French employees affected.
Last month, Wright Medical also launched Wright Medical Australia Pty LTD which will manage all of the company’s extremity and biologics distribution for customers in Australia and New Zealand.
Arlington, Tenn.-based Wright Medical Group (NASDAQ: WMGI) is a global orthopedic medical device company which designs, manufactures and markets reconstructive joint devices and biologics.