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Electronics Production | February 28, 2008

Ancor sells Avail to Flextronics

Ancor Capital partners has sold disposable medical device maker Avail Medical Products to Flextronics. No financial terms were disclosed.

Flextronics and Avail Medical Products, market in disposable medical devices, announced the closing of the sale of Avail to Flextronics. Avail Medical was privately held and was controlled by Ancor Capital Partners, based in Fort Worth, Texas. The acquisition significantly broadens Flextronics Medical segment's offerings. With the combination of continued strong organic growth and the acquisition of Avail, Flextronics Medical expects to generate $850-$950 million in revenue in the fiscal year ending March 31, 2009, which represents a year-over-year growth rate of 90%.
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