Medical Equipment, Supplies & Distribution
Genovis AB:Is reorganizing and closing its subsidiary GeccoDots.For the Group, the reorganization will entail cost and capital expenditure savings of about 6 million Swedish crowns over a 12-month period.
Alfresa Holdings Corp:Says wholly owned Tokyo-based subsidiary Alfresa Corporation to merge a wholly owned Gifu-based subsidiary Alfresa.co.,ltd.Tokyo-based subsidiary to be surviving company.Planned effective April 1, 2016.
Shanghai Conant Optics Co Ltd:To dissolve wholly owned subsidiary based in Shanghai engaged in optometry and sale of glasses.
Dentsply International:Reaches agreement with the applicable works councils in Germany to proceed with restructuring portions of its laboratory business, consistent with its earlier announcement of Sept. 17, 2014.Says realignment of the lab business is designed to increase emphasis on innovative prosthetic materials while exiting portions of the lab equipment and fabrication businesses.Says the majority of this restructuring effort will be implemented during the remainder of fiscal 2015 and 2016.Company expects to incur total costs in the range of $33 to $38 million related to this initiative, the majority of which are expected to be recorded in the fiscal second quarter of 2015.Says it is anticipated that approximately 85% of these costs will be cash outlays, including costs related to severance and employee related obligations.This initiative impacts certain manufacturing operations from two sites in Germany, one of which will be closed and another that will be downsized.Company noted that this action is part of its broader efficiency program and the anticipated impact was included in the adjusted earnings guidance as previously provided.
Episurf Medical AB:Starts direct sales in Germany and Great Britain.
Unicon Optical Co Ltd:To merge with wholly owned contact lense subsidiary and the subsidiary will dissolve after merger.Merger record date June 30.
ASAHI INTECC CO LTD:To acquire 100 pct stake (500 shares) in Osaka-based company engaged in design, production and sale of finest wire manufacturing machine, from three individuals on May 29 for 50 mln yen.To merge with the Osaka-based company on May 29.
KAWAMOTO CORP:To close a Saitama-based plant in the end of August.
Hoshi Iryo-Sanki Co Ltd:To merge with a wholly owned Chiba-based subsidiary, which is engaged in the medical gas pipe laying work, effective April 1.Subsidiary to be dissolved.
KM R&C Co., Ltd:To merge with wholly owned subsidiary, MODERN TECH, to improve operating efficiency and competitiveness.Merger effective date is expected to be March 5, 2015.The company will survive and subsidiary will be dissolved after the merger.