Symmetry Medical has acquired Riley Medical, a privately-owned company based in Auburn, Maine, for $45.0 million in cash.

Riley Medical is a leading manufacturer of standard and custom cases, trays and containers to the medical device industry with locations in the US and Switzerland. The company has a solid intellectual property portfolio that features 23 issued patents. Ed Riley, president and CEO of Riley Medical, will continue with Symmetry.

Brian Moore, president and CEO, stated, "Riley Medical is an excellent strategic fit for the Symmetry business model. This acquisition broadens and strengthens our product offerings and expands our growing international presence. Riley's leading edge with standard products, particularly its FlashPak cases, fit directly into our core competencies and offer additional cross-selling opportunities with our customers."

Moore continued, "In addition, Riley's presence in the spine and endoscopy markets will increase our penetration in medical device markets outside of traditional orthopaedics. We believe the acquisition will further support our total solutions model and solidify our position as the leading independent provider of cases, instruments and implants."

Symmetry Medical is an independent provider of implants and related instruments and cases to the orthopaedic device industry and designs, develops, produces these products for companies in other segments of the medical device market, including dental, osteobiologic and endoscopy sectors and provides limited specialized products and services to non- healthcare markets, such as the aerospace market.