Rochester Medical To Buy Medical Supply Company

STEWARTVILLE, Minn. (AP) — Rochester Medical Corp. said Thursday it agreed to pay 10.4 million euros ($13.7 million) to buy a medical supply distributor based in the Netherlands.

Rochester said it is buying the Laprolan BV business from Fornix NV. It said Laprolan has about $10.5 million in annual revenue. The deal is expected to close May 31, but Rochester said it is effective Jan. 1.

Shares of Rochester Medical fell 4 cents to $10.69 in afternoon trading.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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