Medline Industries’ US$286 Million Acquisition of Certain Respiratory Products from Teleflex

Sidley Austin LLP advised Medline Industries, Inc. on the deal.

Medline announced its intentions to acquire a significant portion of the Hudson RCI® brand of respiratory products from Teleflex. Once the acquisition is complete, Medline will add the brand’s oxygen and aerosol therapy, active humidification, and pulmonary hygiene products to complement Medline’s respiratory portfolio to meet the great needs of the market.

As part of the acquisition, Medline will bring two manufacturing facilities into its portfolio of more than 20 existing North American plants:  A respiratory sterile water products manufacturing plant in Arlington Heights, Ill. and a manufacturing facility producing a variety of respiratory consumables in Nuevo Laredo, Mexico. With the other commercial and sales employees in the business, nearly 1,000 employees will ultimately join Medline when the transition is complete.

The acquisition is expected to close later in 2021, pending regulatory reviews.

The Sidley team was led by Gary Gerstman (Picture), Brent Steele, Dustin Page, and Diana DuBois (M&A), and included Lauren Gallagher and Richard Schneider (Employee Benefits and Executive Compensation); Heather Palmer and Sarah Jehl (Environmental); Torrey Cope, Susan Stolzer, and Atiq Chowdhury (Food, Drug and Medical Device Regulatory); Anne Sutton and Ryan Rutledge (Intellectual Property); James Weiss and Peter McCorkell (Labor and Employment); Ash Nagdev and Mark Prior (Privacy and Cybersecurity); Liz McCloy and Matt Abu-Taleb (Real Estate); Suresh Advani and Jennifer Waclawik (Tax); Jen Fernandez and Carys Golesworthy (Global Trade); Donielle McCutcheon, Jon Zucker, and Megan Coggeshall (Healthcare); Karen Kazmerzak and Jamie Sadler (Antitrust); Ike Adams and Brendan Smith (FCPA); and Tom Thesing and Cyril Cutinha (UK Corporate).

Involved fees earner: Matthew Abu-Taleb – Sidley Austin LLP; Ike Adams – Sidley Austin LLP; Suresh Advani – Sidley Austin LLP; Atiq Chowdhury – Sidley Austin LLP; Megan Coggeshall – Sidley Austin LLP; Torrey Cope – Sidley Austin LLP; Cyril Cutinha – Sidley Austin LLP; Jen Fernandez – Sidley Austin LLP; Lauren Gallagher – Sidley Austin LLP; Gary Gerstman – Sidley Austin LLP; Carys Golesworthy – Sidley Austin LLP; Sarah Jehl – Sidley Austin LLP; Karen Kazmerzak – Sidley Austin LLP; Elizabeth McCloy – Sidley Austin LLP; Peter McCorkell – Sidley Austin LLP; Donielle McCutcheon – Sidley Austin LLP; Ash Nagdev – Sidley Austin LLP; Dustin Page – Sidley Austin LLP; Heather Palmer – Sidley Austin LLP; Mark Prior – Sidley Austin LLP; Ryan Rutledge – Sidley Austin LLP; Jamie Sadler – Sidley Austin LLP; Richard Schneider III – Sidley Austin LLP; Brendan Smith – Sidley Austin LLP; Brent Steele – Sidley Austin LLP; Susan Stolzer – Sidley Austin LLP; Anne Sutton – Sidley Austin LLP; Thomas Thesing – Sidley Austin LLP; Jennifer Waclawik – Sidley Austin LLP; James Weiss – Sidley Austin LLP; Jon Zucker – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Medline Industries, Inc.;

Author: Martina Bellini