Essity acquires US medical solutions company within orthopedics
Hygiene and health company Essity has acquired the orthopedic specialist company AquaCast Liner, a provider of waterproof cast liners on the US market. Growing through acquisitions in Medical Solutions is a key strategic priority for Essity and with this acquisition the company is strengthening its leading market position in fracture management while extending its portfolio offering in the waterproof and water-resistant cast segment. The purchase price is not material relative to Essity’s market capitalization and is not disclosed.
AquaCast Liner is a privately held company founded in 2012, based in Newark, Delaware. The product portfolio consists of waterproof rolls and hip spica liner products under the AquaCast Liner brand, which are sold to orthopedics professionals to be used in combination with fiberglass casting.
“The acquisition strengthens our position and offering in the orthopedics immobilization segment in the US. AquaCast Liner’s product range is a good complement to our synthetic casting range and water resistant undercast material Delta-Dry,” says Ulrika Kolsrud, President Health and Medical Solutions, Essity.
Essity is the global market leader in fracture management (casting, splinting, stockinette and padding) sold under the Delta-Cast brand.
For further information, please contact:
Per Lorentz, Vice President Corporate Communications, +46 733 13 30 55, per.lorentz@essity.com
Johan Karlsson, Vice President Investor Relations, +46 705 11 15 81, johan.ir.karlsson@essity.com
Essity is a leading global hygiene and health company. We are dedicated to improving well-being through our products and services. Sales are conducted in approximately 150 countries under the leading global brands TENA and Tork, and other strong brands, such as JOBST, Leukoplast, Libero, Libresse, Lotus, Nosotras, Saba, Tempo, Vinda and Zewa. Essity has about 46,000 employees. Net sales in 2020 amounted to approximately SEK 122bn (EUR 11.6bn). The company’s headquarters is located in Stockholm, Sweden, and Essity is listed on Nasdaq Stockholm. Essity breaks barriers to well-being and contributes to a healthy, sustainable and circular society. More information at www.essity.com.
