This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Greatbatch Medical Opens Orthopaedic Manufacturing Center

Stocks in this article: GB

Greatbatch Medical, a subsidiary of Greatbatch, Inc., officially opened its 80,000 square foot, state of the art, orthopaedic manufacturing center in Fort Wayne, Indiana. Greatbatch President and CEO Thomas J. Hook, and Greatbatch Medical President Mauricio Arellano were joined by U.S. Congressman Marlin Stutzman, local elected and business leaders and employees of Greatbatch Medical as they conducted a ceremonial ribbon cutting.

“This $17 million investment is the third project Greatbatch Medical has deployed as part of an overall strategy to partner with orthopaedic device makers,” said Mauricio Arellano, president, Greatbatch Medical. “We have made strategic investments with an intense focus on growing our global orthopaedics business through a sound commercial strategy, continuous investments in medical device innovations and streamlined operations and best in class execution.”

In 2010, Greatbatch Medical established an orthopaedic design center in nearby Warsaw, Indiana, providing customers with rapid prototyping capabilities to develop and deliver innovative solutions. In 2011, Greatbatch Medical completed more than $6 million investment at its Indianapolis, Indiana manufacturing facility where they produce orthopaedic delivery systems.

“Our company’s vision is to be the definitive leader in critical technologies by infusing integrity, innovation and operational excellence,” said Thomas J. Hook, president and CEO. “This investment is a critical part of our growth strategy as we strive to achieve growth in our core business, growth through targeted acquisitions and growth through new, innovative medical devices.”

Members of the Greatbatch Executive Leadership team were on hand as Hook and Arellano dedicated the facility in honor of Susan H. Campbell, who passed away unexpectedly in 2010. Campbell served as senior vice president of Greatbatch Medical’s Orthopaedic Business Unit.

“Today is a day of mixed emotions as we celebrate the opening of this tremendous facility and pay tribute to the life of our colleague and friend, Susan Campbell, who left this world much too soon,” said Thomas J. Hook, President and CEO of Greatbatch. “I am honored that Susan’s family is here with us today to witness the lasting impression she has on us as a company and as individuals.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs