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.