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Arrow sights more direct US sales with Horizon buy

This article was originally published in Clinica

Executive Summary

Disposable catheter producer Arrow International says that 84% of its US sales will be generated through its own direct distribution once new acquisition Stepic Medical is fully integrated. Arrow, of Reading, Pennsylvania, has agreed to buy Stepic, which has been acting as its New York/New Jersey distributor since 1977, from Horizon Medical Products for $12.7m cash and $700,000 of retained assets.

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