www.fdanews.com/articles/109106-langer-sells-bi-op-laboratories
Langer Sells Bi-Op Laboratories
August 1, 2008
Langer has sold the stock of Bi-Op Laboratories, its Quebec subsidiary, to a group of investors for $2.13 million.
The investors include Raynald Henry, the current general manager of Bi-Op, which manufactures custom foot orthotics and provides orthotic and prosthetic services in a clinic co-located with its manufacturing facility.
Langer said the sale allows it to simplify its business and reduce its overall corporate and compliance expenses.