TELEFLEX: THE SURGERY WAS SUCCESSFUL

摘要

Mini-conglomerate Teleflex (TFX) has cast offrnmost of its industrial operations and transformed itself into a medical-oriented enterprise, and investors are thrilled. "Since selling its automotive business and acquiring Arrow [medical devices] in October 2007, Teleflex is no longer a slave to swings of the economy. It derives 75% of its operating profits and 60% of sales from its expanded health-care unit," says Robert Olstein, president of Olstein Capital Manage -ment, which owns shares. Teleflex continues to supplj engine-repair products for the aerospace and marine industries (40% of sales). But its current focus is providing a wide range of medical products, including disposable medical supplies, such as sutures and tools for minimally invasive cardiac surgery, as well as instruments for respiratory care procedures and for treatment of urological conditions.