Milliken & Company on Tuesday announced the acquisition of Andover Healthcare, a manufacturer of cohesive bandages and compression systems used in health care, animal health care and sports medicine. Joining Milliken Healthcare Products LLC, Milliken & Company’s dedicated health care business, the acquisition strategically aligns two brands in patient care, according to a news release.
Andover Healthcare is headquartered in Portsmouth, N.H. The cost of the investment was not disclosed.
“Andover Healthcare is a natural fit for Milliken. We are equally committed to improving the patient healing experience through innovative solutions, and our shared focus on ethics and integrity unites us culturally,” Halsey Cook, Milliken & Company president and CEO, said in the news release. “Our combined expertise and common drive to create innovative solutions invite us to set the bar for comprehensive patient care that helps create a healthier future.”
Headquartered in Portsmouth, N.H., family-owned Andover Healthcare has been manufacturing healthcare products since 1976, the release said. The company has developed a number of health care products, including a latex-free bandages and cohesive bandages with controlled compression. The news release said the Andover Healthcare products will complement the health-related products already made by Milliken Healthcare, which include wound care material and brands.
“Joining Milliken is the right progression for Andover Healthcare to usher in its next level of growth,” Andover Healthcare founder and CEO Tom Murphy said in the release. “We look forward to serving our customers at a greater capacity with the research, design and manufacturing capabilities as well as trusted brand recognition that Milliken brings.”
Milliken, headquartered in Spartanburg, has been in business for more than 150 years.