Eakin Healthcare Group has acquired Coleraine-based Armstrong Medical, which specialises in respiratory care products and employs around 200 people.
To date, Eakin has specialised in ostomy and wound care products and the new acquisition is part of an investment plan to enable development of innovative medical products in Northern Ireland to meet the needs of patients worldwide.
Jeremy Eakin, Managing Director of Eakin Healthcare Group said: “We believe that with the combined resources and expertise of both businesses alongside our ambitious investment plans we can take Armstrong Medical to the next level and help it take advantage of new and exciting opportunities in the human healthcare market.
“Both family-owned businesses share a common culture and philosophy, and we see many synergies which we believe will underpin the continued success of both brands.”
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John Armstrong, Chairman at Armstrong Medical added: “We believe that this is best achieved with the support and investment from the new owners where they now have the opportunity to realise exciting growth opportunities within the sector.
“The fact that we are selling to another successful family-owned Northern Ireland business with a shared ethos and approach gives us great confidence. I and other family members will be pleased to continue to support the ongoing efforts to grow the business under the Eakin Healthcare Group banner.”
The acquisition takes immediate effect and there will be no change to company names or brands. All employees of Armstrong Medical will automatically transfer to the Eakin Healthcare Group.
