Dynatronics Corporation closed its acquisition of substantially all of the assets of Bird & Cronin Inc., a manufacturer of orthopedic soft goods and specialty patient care products located in Minneapolis.
The company announced the signing of the purchase agreement on September 27, 2017.
“The addition of Bird & Cronin adds tremendous strength to our business,” said Kelvyn Cullimore, Jr., Dynatronics’ chairman and CEO. “Following closely behind the recent acquisition of Hausmann Industries, this transaction further diversifies and broadens our market position. We believe the combined business will create value for both our investors and the customers we serve.”
Dynatronics expects the financial contribution of Bird & Cronin to be material to the company’s combined operating results during the coming 12 months, and will provide further information regarding the transaction during its first fiscal quarter earnings call in mid-November.
