Ossur's sale of Mauch
Wieland Kaphingst
Description
Collection
Title:
Ossur's sale of Mauch
Creator:
Wieland Kaphingst
Text:
In a message dated 3/28/2005 11:58:57 A.M. Eastern Standard Time,
<Email Address Redacted> writes:
This page: _ <URL Redacted>
( <URL Redacted>) indicates that Ossur sold Mauch in the
last quarter of 2004. Anyone know who bought it? I've not heard anything
about this!
Ted A. Trower C.P.O.
A-S-C Orthotics & Prosthetics
Jackson, Michigan, USA
_www.amputee.com
_ ( <URL Redacted>)
Hi colleagues!
In order to avoid any confusion regarding Ossur's Mauch prosthetic knee
joint line of products I am going to send you the press release, which is
available at Ossur's web page. Here it is:
_www.ossur.com_ ( http://www.ossur.com/ ) : _Investor Relations_
( http://www.ossur.com/default.asp?PageID=8 ) » _Announcements & Reports_
( http://www.ossur.com/default.asp?PageID=33 ) » _Press Releases_
( http://www.ossur.com/default.asp?PageID=210 )
Press Releases
23 December 2004
Ossur sells subsidiary Mauch, Inc.
Ossur hf has signed an asset purchase agreement with DRT Mfg. Co. regarding
the sale of assets of Ossur's American subsidiary Mauch, Inc., based in
Dayton, Ohio. The agreement covers the sale of Mauch's spinal implant component
business and specialist manufacturing equipment.
Over recent years Ossur has been segregating the manufacture of prosthetic
components from Mauch's other activities in Dayton. The latter are not
considered to be part of Ossur's core activities. The remaining prosthetic lines
produced at Mauch will be transferred to alternative Ossur production units.
Ossur CEO Jon Sigurdsson said: Ossur has decided to withdraw from its
Dayton operation, consolidating its prosthetic manufacture elsewhere. I am pleased
to announce, however, that we have been able to ensure continued employment
for our staff with a good company.
DRT President & CEO Gary Van Gundy said: DRT Mfg. Co. has a long history
in Dayton, and elsewhere, as a manufacturing establishment. Our intention is
to gain a foothold in the implant component field.
DRT will take over equipment, lease agreements and staffing responsibilities
as of 1 January 2005. For the time being, it will continue to manufacture
components for Ossur for use in prosthetic knees.
Mauch sales were 1.7% of the total sales of Ossur in the first three
quarters of 2004. The book value of the assets and the purchase price is
approximately USD 1.6million. Ossur's sale of Mauch, Inc. will not have any effect on
margins or Profit and Loss Statement of the company.
For further information contact:
Árni Alvar Arason
Vice President of Sales and Marketing
Tel: +354 515 13XX
<Email Address Redacted> (mailto:<Email Address Redacted>)
sent for your information by:
Wieland Kaphingst, CPO
<Email Address Redacted> writes:
This page: _ <URL Redacted>
( <URL Redacted>) indicates that Ossur sold Mauch in the
last quarter of 2004. Anyone know who bought it? I've not heard anything
about this!
Ted A. Trower C.P.O.
A-S-C Orthotics & Prosthetics
Jackson, Michigan, USA
_www.amputee.com
_ ( <URL Redacted>)
Hi colleagues!
In order to avoid any confusion regarding Ossur's Mauch prosthetic knee
joint line of products I am going to send you the press release, which is
available at Ossur's web page. Here it is:
_www.ossur.com_ ( http://www.ossur.com/ ) : _Investor Relations_
( http://www.ossur.com/default.asp?PageID=8 ) » _Announcements & Reports_
( http://www.ossur.com/default.asp?PageID=33 ) » _Press Releases_
( http://www.ossur.com/default.asp?PageID=210 )
Press Releases
23 December 2004
Ossur sells subsidiary Mauch, Inc.
Ossur hf has signed an asset purchase agreement with DRT Mfg. Co. regarding
the sale of assets of Ossur's American subsidiary Mauch, Inc., based in
Dayton, Ohio. The agreement covers the sale of Mauch's spinal implant component
business and specialist manufacturing equipment.
Over recent years Ossur has been segregating the manufacture of prosthetic
components from Mauch's other activities in Dayton. The latter are not
considered to be part of Ossur's core activities. The remaining prosthetic lines
produced at Mauch will be transferred to alternative Ossur production units.
Ossur CEO Jon Sigurdsson said: Ossur has decided to withdraw from its
Dayton operation, consolidating its prosthetic manufacture elsewhere. I am pleased
to announce, however, that we have been able to ensure continued employment
for our staff with a good company.
DRT President & CEO Gary Van Gundy said: DRT Mfg. Co. has a long history
in Dayton, and elsewhere, as a manufacturing establishment. Our intention is
to gain a foothold in the implant component field.
DRT will take over equipment, lease agreements and staffing responsibilities
as of 1 January 2005. For the time being, it will continue to manufacture
components for Ossur for use in prosthetic knees.
Mauch sales were 1.7% of the total sales of Ossur in the first three
quarters of 2004. The book value of the assets and the purchase price is
approximately USD 1.6million. Ossur's sale of Mauch, Inc. will not have any effect on
margins or Profit and Loss Statement of the company.
For further information contact:
Árni Alvar Arason
Vice President of Sales and Marketing
Tel: +354 515 13XX
<Email Address Redacted> (mailto:<Email Address Redacted>)
sent for your information by:
Wieland Kaphingst, CPO
Citation
Wieland Kaphingst, “Ossur's sale of Mauch,” Digital Resource Foundation for Orthotics and Prosthetics, accessed November 25, 2024, https://library.drfop.org/items/show/224582.
