Symmetry Surgical Widens European Footprint Through Partnership with Biocommerciale Srl
Symmetry Medical Inc. announced today that its subsidiary Symmetry Surgical, Inc. has completed an exclusive distribution agreement in Italy with Biocommerciale Srl.
New Distributor Partnership in Italy Extends Global Expansion of Comprehensive, Diverse Surgical Instruments Portfolio
WARSAW, Ind. , Nov. 26, 2012 (GLOBE NEWSWIRE) --Symmetry Medical Inc. (NYSE:SMA), a leading global source of innovative medical device solutions, including surgical instruments, orthopedic implants, and sterilization cases and trays, announced today that its subsidiary Symmetry Surgical, Inc. has completed an exclusive distribution agreement in Italy with Biocommerciale Srl. In this new partnership, Biocommerciale will distribute Symmetry Surgical's portfolio of surgical instruments, which includes leading brands and products formerly part of Codman surgical instruments, SSi and Olsen Medical.
With more than 30 years of experience working with hospitals and healthcare professionals in the Italian marketplace, Biocommerciale distributes world-class, innovative medical devices and surgical instruments as well as sterile processing and operating room supplies to more than 1,000 hospitals, clinics and medical facilities.
Chris Huntington, Chief Operating Office of Symmetry Surgical , said, "We are excited to partner with Biocommerciale and expand our growing global presence into Italy , giving medical professionals access to our portfolio of new and innovative surgical instruments. We look forward to driving growth in the Italian market from our existing brands, as well as innovations resulting from our focus on new medical devices and services that benefit surgeons and clinicians – and their patients – worldwide."
About Symmetry Surgical Inc.
Symmetry Surgical is dedicated to developing quality surgical instruments that meet the needs of clinicians and help improve the lives of patients. Our portfolio brings together the product lines of Specialty Surgical Instrumentation (SSi), Olsen Medical and the recently acquired surgical instruments division Codman & Shurtleff, Inc. Our well-known brands include BOOKWALTER®, GREENBERG™, RILEY™, OLSEN™, ULTRA™, QUAD-LOCK™, FLASHPAK™, RAPIDCLEAN®, OPTI-LENGTH®, CLASSIC® and CLASSIC PLUS®. Headquartered in Nashville, Symmetry Surgical is a wholly owned subsidiary of Symmetry Medical Inc (NYSE:SMA).
About Symmetry Medical Inc.
Symmetry Medical Inc. is a leading global source of innovative medical device solutions, including surgical instruments, orthopedic implants, and sterilization cases and trays. The Company's thousands of Teammates provide design, development and worldwide production capabilities for these products to customers in the orthopaedic industry, other medical device markets, and specialized non-healthcare markets. Symmetry's trusted reputation and brands, broad Intellectual Property portfolio and commitment to innovation enable it to collaborate with hundreds of global medical device manufacturers as well as thousands of hospitals to provide solutions for today's needs and tomorrow's growth.
Statements in the press release regarding Symmetry Medical Inc.'s business which are not historical facts may be "forward-looking statements" that involve risks and uncertainties, within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forwardlooking statements are predictive in nature and are frequently identified by the use of terms such as "may," "might," "will," "should," "expect," "believe," "anticipate," "plan," "estimate," "intend," and similar words indicating possible future expectations, events or actions. Such predictive statements are not guarantees of future performance, and actual outcomes and results could differ materially from our current expectations. We refer you to the "Risk Factors" and "Forward Looking-Statements" sections in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission as well as the Company's other filings with the SEC, which are available on the SEC's Web site at www.sec.gov.
Symmetry Medical Inc.
Fred L. Hite
Senior Vice President
Chief Financial Officer
Investors / Media:
The Ruth Group
Zack Kubow / Lisa Cook
(646) 536-7020 / 7012
Symmetry Medical Inc.