L&R Group Continues to Grow
The globally active medical devices supplier Lohmann & Rauscher (L&R) expands its family of companies in May 2016 with the acquisition of the Dutch company Varitex N.V. This brings the total number of subsidiaries and holdings owned by L&R around the world up to 42, of which two are now located in the Netherlands (Lohmann & Rauscher B.V. and the new addition, Varitex N.V.). This acquisition will allow L&R to expand its product portfolio for phlebological and lymphological treatment and to strengthen its market position in the Netherlands at the same time.
Varitex has been developing, producing and marketing compression stockings and other products under the brand of the same name, Varitex, on the Dutch market since its founding in 1947. In addition, Varitex also manufactures a range of private label products, for which it is already a long-term supplier of the British L&R subsidiary Activa Healthcare Ltd.
Alongside its headquarter in Haarlem (Development, Production and Sales), Varitex also operates a second site in Třebíč, Czech Republic (Production), and employs a total of more than 50 employees, all of whom will be kept on by L&R. In 2015, the Dutch company recorded a turnover of approximately €6 million.
L&R’s acquisition of Varitex will allow it to expand and complement its existing compression product portfolio: In addition to the popular Rosidal® brand short stretch bandages and multicomponent sets and the flexibly adjustable compression bandages of the ReadyWrap™ range - the latter were integrated into the L&R portfolio following the acquisition of Solaris, Inc. by L&R in 2014 – L&R’s bandages range is now set to include compression stockings.
Moreover, L&R is also securing the Dutch company’s development and production expertise, as well as a broad technology base for flat-knit and circular-knit compression stockings in standard and customised designs.
Wolfgang Süßle, CEO and President of the L&R Group, commented, “The acquisition of Varitex is yet another important milestone in our ambitious growth and innovation strategy as a strong, international player on the healthcare market and a solution provider for our customers. The combination of the extensive technological expertise of Varitex, the company’s high-quality products and L&R’s international market and sales connections forms the ideal basis for the successful expansion of our core business area of bandages.”
With this acquisition, L&R is not only strengthening its market position in the Netherlands – the medical devices manufacturer already has one subsidiary in the Netherlands, Lohmann & Rauscher B.V. – but is also securing an essential supplier for its British subsidiary Activa Healthcare Ltd., which is already a market leader in the field of compression stockings. Marketing of the Varitex compression stockings in additional countries is also planned for the near future.
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