Home » Wright Medical Group to Close French Facility
Wright Medical Group to Close French Facility
Wright Medical Group, an orthopaedic medical device company, announced it will close its manufacturing, distribution and administrative facility in Toulon, France.
Wright expects that the facility closure will be completed during the next six months, with all Toulon production being transferred to the company’s manufacturing facility in Tennessee and the majority of its distribution activities being transferred to the company’s European headquarters in Amsterdam.
Wright estimated that the pre-tax charges related to the closing of the Toulon facilities will be in the range of approximately $20 million to $25 million. A portion of these charges is expected to be recorded in each of the second, third and fourth quarters of 2007.
Upcoming Events
-
14May
-
23May
-
30May
-
20Jun
-
21Oct