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Storm Rannard Northern Ireland-headquartered Eakin Healthcare Group has expanded into a new market with the acquisition of Coleraine-based Armstrong Medical. Armstrong specialises in respiratory care products. The deal represents a diversification for Eakin Healthcare Group, which to date has specialised in ostomy and wound care products. The combined resources of the two manufacturing businesses will help the group to grow its domestic and international presence. Jeremy Eakin, managing director of Eakin Healthcare Group, said: "This is a hugely important strategic acquisition of a well-established and successful Northern Ireland family business which has already made its mark on the global stage.
BBC News By John Campbell Published Eakin Healthcare, the Comber-based medical devices manufacturer, has bought another firm, Armstrong Medical. The deal will allow Eakin to diversify its product ranges in what the firm said is a "strategic acquisition". Eakin specialises in wound care while Coleraine-based Armstrong makes respiratory products. The price paid has not been disclosed. Last year the main company in the Eakin group, TG Eakin, showed a pre-tax profit of £16m on turnover of £34m. Armstrong's last accounts show pre-tax profits of £2.3m on turnover of £14m. 'Ambitious investment plans' All employees of Armstrong Medical will automatically transfer to the Eakin Group.