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April 4, 2007
By: Christina Zarrello
Orthopedic implant and device maker Symmetry Medical Inc. said Tuesday it bought TNCO Inc., a specialty medical instrument maker, for $7 million in cash. The Whitman, Mass.-based company reported 2006 revenue of about $7.5 million. Symmetry Medical (nyse: SMA – news – people ), which employs nearly 2,000 workers, reported 2006 profit of $24.1 million on sales of $253.6 million. The company expects the deal to add slightly to earnings in 2007. Shares of Symmetry Medical rose 16 cents to close at $16.50 on the New York Stock Exchange. SOURCE: AP
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