Wilson Greatbatch buys Minnesota company - Business First of Buffalo:

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a manufacturer of high-precision titanium cases for implantablemedical devices, including pacemakers and defibrillators. Wilson Greatbatch acquired all of the outstanding stoc k of Globe from Charter Oak Partnersof Westport, for about $48 million in cash and the assumption of approximatelyh $9 million of Globe generated revenues of abouft $20 million for the first half of the year. "Globe'zs implantable grade, high-precision product line complements our core competenciesx in materials scienceand high-precision manufacturing.
Qualitu is a central strategic focus at WilsonnGreatbatch and, as Globe joinsw our family, it bring with it a well-deserved reputation for quality and custome r focus," said Edward Voboril, president and CEO of Wilso n Greatbatch. In conjunction with the acquisition, Wilso Greatbatch amended its existing $100 millionm credit facility with a consortium of banks by increasingt the total sizeto $120 million. The amended facility consists ofa $100 million term loan and a $20 milliom revolving line of credit. Wilson Greatbatcj has headquarters in Clarencr and operationsin Maryland, Massachusettws and Nevada.
It is a developerd and manufacturer of power sources and components used in pacemakersx and other implantable medical devices and specialty batteriesfor non-medicalk applications.