Teleflex Buys Assets of Australian Distributor

Wayne, Pa.-based Teleflex Inc. has acquired certain assets of N. Stenning & Co Ltd. Pty, its distribution partner for Teleflex’s surgical products in Australia. Included in the transaction are the N. Stenning surgical customer relationships throughout Australia and a team of surgical sales representatives who are now direct employees of Teleflex Australia.

The acquisition is part of Teleflex’s strategy of converting select distributors to a direct sales model, enabling the company to sell and distribute its products on a direct basis to its end-customers. N. Stenning started distributing Teleflex surgical products under the Pilling and Weck brands nearly 35 years ago.

“Combining the experienced N. Stenning team with our existing direct distribution organization in Australia will strengthen and leverage the Teleflex sales platform to support new surgical product growth,” said Benson Smith, chairman, president and CEO. “At the same time, this accretive acquisition allows us to capture additional margin and to better understand the needs of our customers, enabling us to grow our surgical products business more effectively.”

Teleflex makes critical care and surgery devices.