Sigvaris strengthens market position
PEACHTREE CITY, Ga. – Sigvaris has completed a definitive agreement to purchase BiaCare, a Zeeland, Mich.-based manufacturer of short stretch wraps, compression garments and other products designed to treat patients with veno-lymphatic diseases and disorders. The acquisition strengthens Sigvaris’ market position and allows the company to serve even more patients under a single brand. “This transaction allows us to acquire an established manufacturer with a strong position in the U.S. market,” stated Urs Toedtli, CEO of Sigvaris Group. Sigvaris is part of an international medical device group headquartered in Winterthur, Switzerland, that focuses on the development, production and distribution of medical compression garments, including hosiery and socks. It has distribution in more than 70 countries on six continents.