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May 03, 2015 12:41 PM ET

Healthcare Equipment and Supplies

Company Overview of Symmetry Medical, Inc.

Company Overview

Symmetry Medical Inc., together with its subsidiaries, designs, develops, and produces medical device solutions and surgical instruments in the United States and internationally. The company operates in two segments, Original Equipment Manufacturer (OEM) Solutions and Symmetry Surgical. The OEM Solutions segment primarily offers implants, including forged, cast, and machined products for the orthopedic device market; instruments used in the placement and removal of orthopedic implants and in other surgical procedures; cases comprising plastic, metal, and hybrid cases used to organize, secure, and transport medical devices for orthopedic, endoscopy, dental, and other surgical procedures; and ...

3724 North State Road 15

Warsaw, IN 46582

United States

Founded in 1976

2,400 Employees

Phone:

574-268-2252

Fax:

574-267-4551

Key Executives for Symmetry Medical, Inc.

Chief Executive Officer, President and Director
Age: 50
Chief Financial Officer, Senior Vice President, Investor Relations Officer and Secretary
Age: 46
Chief Commercial Officer of OEM Solutions and Senior Vice President of OEM Solutions
Age: 49
Chief Manufacturing Officer of OEM Solutions and Senior Vice President of OEM Solutions
Age: 44
President of Symmetry Surgical
Age: 44
Compensation as of Fiscal Year 2014.

Symmetry Medical, Inc. Key Developments

Symmetry Medical Inc. to Close Avilla Facility

Symmetry Medical Inc. announced that the Avilla facility would be one of two United States locations to close in the near future. The Avilla location employs 129 people. A series of layoffs will begin mid-summer, culminating in the closure of the plant at the end of the year. The facility makes orthopedic implants and instruments. The other facility slated for closure is in New Bedford, Massachusetts, which will close in March of 2016. Both facilities struggled to make a profit during the last several years. Work will be transferred to other existing locations. Tecomet announced that it would offer employees jobs at other locations if possible, and those who stayed until the end of the year would receive extra compensation. The company did not say where the production lines from Avilla and New Bedford would be relocated.

Symmetry Medical, Inc.(NYSE:SMA) dropped from Russell 2000 Index

Symmetry Medical, Inc. will be removed from the Russell 2000 Index.

Symmetry Medical, Inc.(NYSE:SMA) dropped from Russell 3000 Index

Symmetry Medical, Inc. will be removed from the Russell 3000 Index.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 4, 2014
--
Spin-Off/Split-Off
August 4, 2014
Symmetry Surgical Inc.
 

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