LISI (EPA:FII) - LISI Group announces the disposal of the remaining dental business to ARCH MEDICAL SOLUTIONS – Escondido LLC
Transparency directive : regulatory news
11/01/2021 23:10
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Paris, January 11, 2021LISI GROUP ANNOUNCES THE DISPOSAL OF THE REMAINING DENTAL BUSINESS TO ARCH
MEDICAL SOLUTIONS - ESCONDIDO LLC
LISI Group announces today that it has completed the disposal of the assets
belonging to its subsidiary LISI MEDICAL Jeropa which produces dental fastener
devices and related ancillary instruments located in Escondido, near San Diego
(CA- USA), to ARCH Medical Solutions - Escondido LLC, part of ARCH Global
Precision Group.
LISI MEDICAL Jeropa operating site employs 72 people and generated sales of
$10.5 million in 2019. LISI MEDICAL accelerates its repositioning on its core
businesses:
* Reconstruction implants (hip, knee, shoulder),
* Minimally Invasive Surgery high volume high precision components,
* Orthopedic implants (spine, traumatology and extremities).
LISI MEDICAL operates in the USA and Europe with excellence centers in
Minneapolis (USA), Caen (France) and Lyon (France) and serves the leaders in
the medical industry.
ARCH Global Precision, a Jordan Company platform company based in metro
Detroit, manufactures medical instruments and implants, high-quality cutting
tools and precision-machined components for a range of critical applications.
ARCH has dozens of facilities strategically located across the country serving
the medical, aerospace, defense, energy, semiconductor, surgical robotics, and
progressive industrial markets.
LISI Contact ARCH GLOBAL Contact
Emmanuel Viellard Eli Crotzer
Tel: +33 (0)3 84 57 00 77 Tel: +1 (734) 266 6944
Email: emmanuel.viellard@lisi-group.com Email: ecrotzer@archgp.com
Website: www.lisi-group.com Website: www.archglobalprecision.com
The LISI share is listed on Euronext, compartment A and belongs to the CAC(r)
AERO & DEF., CAC(r) All Shares, CAC(r) Industrials indices, under ISIN code:
FR0000050353.
The LISI Group is one of theworld leaders in fasteners andmechanical safety
components for the Aerospace, Automotiveand Medical implants. Reuters Code:
GFII.PA / Bloomberg Code: FII FP
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