Northern Ireland-headquartered Eakin Healthcare Group is expanding into a new therapeutic area with a fresh acquisition.
The company has snapped up Coleraine-based Armstrong Medical, which specialises in respiratory care products. The deal represents a diversification for the group which to date has specialised in ostomy and wound care products.
The acquisition will be supported by an investment plan to enable further development of innovative medical products in Northern Ireland to meet the needs of patients worldwide.
Managing director Jeremy Eakin said: “This is a hugely important strategic acquisition of a well-established and successful Northern Ireland family business which has already made its mark on the global stage.
“We believe that with the combined resources and expertise of both businesses, alongside our ambitious investment plans, we can take Armstrong Medical to the next level and help it take advantage of new and exciting opportunities in the human healthcare market.
“Both family-owned businesses share a common culture and philosophy, and we see many synergies which we believe will underpin the continued success of both brands.
“We welcome the entire Armstrong Medical team into the wider Eakin Healthcare Group and are delighted that some of the Armstrong family have agreed to stay on in various capacities to help us to continue to grow this business.
“We believe that Northern Ireland has already acquired a global reputation for excellence in healthcare innovation and manufacturing and that this deal will only serve to further reinforce that reputation around the world.”
The acquisition takes immediate effect and there will be no change to company names or brands. All employees of Armstrong Medical will automatically transfer to the Eakin Healthcare Group.
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