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Symmetry Medical Closes Olsen Medical Acquisition
Date:8/18/2011

WARSAW, Ind., Aug. 18, 2011 /PRNewswire/ -- Symmetry Medical Inc. (NYSE: SMA), a leading global source of innovative medical device solutions, including orthopedic implants, surgical instruments, and sterilization cases and trays, announced today that it has completed the previously announced acquisition of Olsen Medical.

Olsen Medical is a privately-held, world leader in the design, development and manufacturing of electrosurgical instruments and accessories. It manufactures a full line of single-use and reusable bipolar and monopolar forceps, cords, electrosurgical pens/pencils, electrodes, and accessories. The Company's products are primarily sold in the United States and internationally through distributors. Olsen Medical's domestic distributor network includes Symmetry's wholly-owned subsidiary Specialty Surgical Instrumentation (SSI).

Thomas J. Sullivan, President and Chief Executive Officer of Symmetry Medical, said, "The addition of Olsen Medical is representative of our broader strategic initiative to diversify Symmetry's product portfolio and expand our direct hospital business. I am pleased to welcome Olsen's employees to the Symmetry Medical team and we look forward to working together to drive growth of their strong product portfolio."

About Symmetry Medical Inc.Symmetry Medical Inc. is a leading global source of innovative medical device solutions, including orthopedic implants, surgical instruments, and sterilization cases and trays. The Company's nearly 3,000 Teammates provide design, development and worldwide production capabilities for these products to customers in the orthopedic industry, other medical device markets, and specialized non-healthcare markets. Symmetry's trusted reputation and brands, broad Intellectual Property portfolio and commitment to innovation enable it to collaborate with hundreds of global medical device manufacturer
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SOURCE Symmetry Medical Inc.
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