Lanx is HQ for BioMet's spinal division
Last Updated: 16:39 October 15, 2013
Lanx in Broomfield has about 200 workers who make products for patients with degenerative disk disease. Warsaw, Indiana,-based Biomet makes surgical and nonsurgical devices, mainly orthopedic products, according to a regulatory filing. More details of the headquarters announcement may be made public after the sale closes on Nov. 29, according to Bill Kolter, a Biomet spokesman.
The sale is subject to federal approval under the Hart-Scott-Rodino Antitrust Improvements Act and other closing conditions.
Lanx raised $15 million in equity funding in May to expand its lateral spinal fusion business, according to Steve Deitsch, chief financial officer of Lanx. The company has a testing lab accredited by the U.S. Food and Drug Administration at its current 80,000-square-foot facility at 310 Interlocken Parkway, Suite 120.
Biomet has about 8,000 employees, Kolter said. The company reported global sales revenue of $731 million for the most recent quarter ended Aug. 31.
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