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.

Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

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