SOUTH JORDAN — Merit Medical Systems Inc. said Tuesday it has acquired the capital stock of MCTec Holding BV, a Dutch corporation located in Venlo, The Netherlands, from British Columbia-based Angiotech Pharmaceuticals Inc. for $3 million in cash.
MCTec's revenues last year were approximately $3.5 million. It specializes primarily in coating wires and tubings for medical-device companies.
Merit develops, manufactures and distributes disposable medical accessories.
The company has about 1,560 employees in Salt Lake City and South Jordan; Santa Clara, Calif.; Angleton, Texas; Richmond, Va.; Jackson, N.J.; Maastricht, The Netherlands; and Galway, Ireland.
Merit Medical stock rose 26 cents, or 2.14 percent, to close at $12.40 per share Tuesday on Nasdaq.
In the past year, the price has ranged from $11.46 to $18.32.