M&A Deal Summary

Teleflex Acquires Hudson RCI

On May 17, 2004, Teleflex acquired medical products company Hudson RCI from Freeman Spogli for 460M USD

Acquisition Highlights
  • This is Teleflex’s 5th transaction in the Medical Products sector.
  • This is Teleflex’s 5th largest (disclosed) transaction.
  • This is Teleflex’s 4th transaction in the United States.
  • This is Teleflex’s 1st transaction in North Carolina.
Investment Fate
  • Hudson RCI was divested to a consortium of strategic buyers in 2021.

M&A Deal Summary

Date 2004-05-17
Target Hudson RCI
Sector Medical Products
Buyer(s) Teleflex
Sellers(s) Freeman Spogli
Deal Type Add-on Acquisition
Deal Value 460M USD

Target

Hudson RCI

Research Triangle Park, North Carolina, United States
website
Hudson RCI is a manufacturer and marketer of disposable medical products utilized in the respiratory and anesthesia segments of the worldwide healthcare markets.

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Buyer(S) 1

Buyer

Teleflex

Wayne, Pennsylvania, United States

website


Category Company
Founded 1943
Sector Medical Products
Employees14,000
Revenue 2.8B USD (2022)
DESCRIPTION

Teleflex is a global provider of medical technology products that enhance clinical benefits, improve patient and provider safety and reduce total procedural costs. The Company primarily designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications. Teleflex markets and sells its products to hospitals and healthcare providers worldwide through a combination of our direct sales force and distributors. Teleflex was founded in 1943 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 6 of 27
Sector (Medical Products) 5 of 20
Type (Add-on Acquisition) 6 of 23
State (North Carolina) 1 of 1
Country (United States) 4 of 18
Year (2004) 1 of 1
Size (of disclosed) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-05 Techsonic Industries

Eufaula, Alabama, United States

Techsonic Industries, Inc., is a provider in underwater sonar and video viewing, and GPS technologies.

Sell $28M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-28 Sermatech International

Pottstown, Pennsylvania, United States

Sermatech International, is a provider of engineered coatings, special processes and component repair services to OEMs, Tier 1 suppliers and aftermarket service providers in the aerospace, industrial gas turbine, defense, oil and gas and other industrial markets.

Sell -

Seller(S) 1

SELLER

Freeman Spogli

Los Angeles, California, United States

website


Category Private Equity Firm
Founded 1983
PE ASSETS 7.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Freeman Spogli & Co. is a private equity firm focused on acquiring middle-market retail, direct marketing, and distribution companies. The Firm will consider opportunities throughout North America and prefers partnering with management when pursuing acquisitions. Freeman Spogli looks to invest $75 to $300 million in transactions valued up to $750 million. Freeman Spogli was formed in 1983 and is based in Los Angeles, California with an additional office in New York City.


DEAL STATS #
Overall 7 of 25
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 3 of 8
State (North Carolina) 3 of 4
Country (United States) 6 of 24
Year (2004) 1 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-10 Medical Arts Press

Minneapolis, Minnesota, United States

Medical Arts Press is a direct marketer, manufacturer and distributor of office products and practice-related supplies to healthcare professionals.

Sell $385M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-10 CBRE

Dallas, Texas, United States

CBRE is a commercial real estate services and investment firm. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CBRE was incorporated in 1906 and is based in Dallas, Texas.

Sell -