FinancialRecon

DePuy unit snaps up British orthopedic implant maker

Johnson & Johnson’s DePuy Orrthopaedic division buys Finsbury Orthopaedics for an undisclosed amount.

DePuy Orthopaedics Inc. acquired Leatherhead, U.K.-based hip implant maker Finsbury Orthopaedics Ltd. for an undisclosed amount.

Warsaw, Ind.-based DePuy Orthopaedics is a division of DePuy Inc., which houses three of its divisions in Massachusetts and is a subsidiary of Johnson & Johnson (NYSE:JNJ).

Finsbury will provide DePuy with several product lines, including both ceramic and metal hip systems, a total ankle replacement and several small joint reconstructive implant lines, according to press release (PDF). Finsbury, which was founded in 1978, employs about 250 people.

The company reports about $55 million in annual sales each year, according to the company’s website.

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Josh Sandberg

Josh Sandberg is the President of Ortho Spine Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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