ConvaTec acquires EuroTec

ConvaTec Group, a leading global medical products and technologies company, has acquired EuroTec Beheer BV, a Netherlands-based manufacturer of ostomy appliances for a purchase price of €25 million. ConvaTec chief executive Paul Moraviec said: "The addition of EuroTec to the ConvaTec family significantly strengthens our ostomy care business in the France and Benelux region, and is an important pillar in the growth strategy for our ostomy care franchise.

"ConvaTec and EuroTec share a common commitment to improving the lives of people with stomas and a dedication to providing quality products, excellent service and personal support. We look forward to working with our EuroTec colleagues to inspire more ostomates to live the life they want."

EuroTec manufactures and distributes one- and two-piece ostomy systems and accessories through various distribution channels in the Netherlands and Belgium, and through distributor partners in other markets.

The acquisition also includes EuroTec's production facilities in Roosendaal, Netherlands