M&A Deal Summary

Conmed Acquires Buffalo Filter

On December 13, 2018, Conmed acquired medical products company Buffalo Filter from Filtration Group for 365M USD

Acquisition Highlights
  • This is Conmed’s 7th transaction in the Medical Products sector.
  • This is Conmed’s 2nd largest (disclosed) transaction.
  • This is Conmed’s 6th transaction in the United States.
  • This is Conmed’s 1st transaction in New York.

M&A Deal Summary

Date 2018-12-13
Target Buffalo Filter
Sector Medical Products
Buyer(s) Conmed
Sellers(s) Filtration Group
Deal Type Divestiture
Deal Value 365M USD

Target

Buffalo Filter

Lancaster, New York, United States
Buffalo Filter LLC is a medical device manufacturer. Its comprehensive product portfolio includes smoke evacuation pencils, smoke evacuators, and laparoscopic solutions. Buffalo Filter was founded in 1991 and is based in Lancaster, New York.

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Buyer(S) 1

Buyer

Conmed

Largo, Florida, United States

Category Company
Founded 1970
Sector Medical Products
Employees4,100
Revenue 1.2B USD (2023)
DESCRIPTION

Conmed is a medical technology company with an emphasis on surgical devices and equipment for minimally invasive procedures and monitoring. The Company’s products are used by surgeons and physicians in a variety of specialties including orthopedics, general surgery, gynecology, neurosurgery and gastroenterology. Conmed was founded in 1970 and is based in Largo, Florida.


DEAL STATS #
Overall 7 of 9
Sector (Medical Products) 7 of 9
Type (Divestiture) 3 of 3
State (New York) 1 of 1
Country (United States) 6 of 8
Year (2018) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 MedShape - ExoShape ACL Product Line

Atlanta, Georgia, United States

MedShape, Inc. - ExoShape ACL Product Line represents a breakthrough in soft tissue fixation, as it was the first all-PEEK system to offer a non-rotational deployment and interference fixation approach for ACL reconstruction. Manufactured out of shape memory PEEK Altera®, the ExoShape fasteners are delivered in a low-profile shape for easy insertion and then fully expanded upon instantaneous deployment to effectively compress and secure the soft tissue graft inside the bone tunnel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 In2Bones

Memphis, Tennessee, United States

In2Bones is a global developer manufacturer and distributor of medical devices for the treatment of disorders and injuries of the upper (hand, wrist, elbow) and lower (foot and ankle) extremities. In2Bones is based in Memphis, Tennessee.

Buy $145M

Seller(S) 1

SELLER

Filtration Group

Oak Brook, Illinois, United States

Category Company
Founded 1942
Sector Manufacturing
Revenue 1.3B USD (2017)
DESCRIPTION

The Filtration Group is a filtration company. Serving industry leaders across the globe, Filtration Group operates facilities in 20 countries under four strategic business units: Medical/Bioscience, Liquid/Process, Environmental Air and Fluid. Filtration Group provides solutions to customers in the food & beverage; water, micro-electronics & telecommunications; environmental air; medical, pharma & bioscience; hydraulic fluid; mining & minerals; industrial finishing and energy industries. Filtration Group was founded in 1942 and is based in Oak Brook, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Facet

Tulsa, Oklahoma, United States

Facet produces innovative contaminant management solutions for an evolving industry and an increasingly environmentally conscious world. Facet manufactures and markets filter housings, filter cartridges and complete filtration systems for hydrocarbon filtration and separation and is a leader in global aviation fuel filtration. Facet was founded in 1943 and is based in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-06 Kaydon Filtration

TULSA, Oklahoma, United States

Kaydon Filtration is a designer and manufacturer of fluid filtration systems and replacement elements. Kaydon solutions are used in a variety of applications, including power generation, marine, pulp & paper, oil & gas and manufacturing. Kaydon Filtration is based in TULSA, OKLAHOMA.

Buy -