Owens & Minor To Buy ArcRoyal

(RTTNews) - Owens & Minor, Inc. (OMI) said Monday that it has agreed to buy ArcRoyal, a privately-held surgical kitting company based in Ireland.

Financial details of the deal were not disclosed.

ArcRoyal is a market leader in delivering custom solutions for a range of global healthcare companies. Products and services include custom procedure trays and a diverse range of essential surgical products, which reach hundreds of hospitals across Europe through corporate partners, distributors and other agents.

The deal will expand Owens & Minor's capabilities in the assembly of kits, packs and trays in the European healthcare market and is highly complementary to the previously announced agreement to acquire Medical Action Industries (MDCI), a U.S.-based kitting company.

Because ArcRoyal's primary customers are healthcare manufacturers, the transaction will further expand Owens & Minor's manufacturer service offering and will complement Owens & Minor's existing manufacturer-facing business in Europe. In addition, the combination of Medical Action Industries and ArcRoyal is expected to enhance Owens & Minor's global sourcing opportunities.

The deal is expected to close in fourth quarter of 2014.