2018 August

FRA Production Acquires BeoCare: The Beginning of a New Success Story

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We are very pleased and glad to inform you that Fra Production S.p.A has recently finalized the acquisition of 100% of BeoCare shares and as a result FRA is now the full and unique owner of BeoCare Group Inc., BeoCare Inc. and Shelby Elastics LLC.

Established in 1962 FRA is today a world leader in designing and manufacturing cutting-edge medical, food, agricultural, and industrial products. The company manufactures and supplies medical tubular elastic netting for dressing retention under its ground-breaking Surgifix patent, as well as elastic pants for incontinence and gynecological use, the ready-for-use finger medication Singlefix and several type of bandages intended for different uses. In the food sector, FRA manufactures tubular netting for sausage and meat roasting, boiling and maturing, besides elastic poultry twines and loops. Moreover, it manufactures elastic strings and loops for flowers and vegetables, and eco-friendly bags.

Located in the north-west side of Italy, a short drive from Turin and Milan, FRA owns two production sites, dedicated to medical and food weaving, respectively, besides a modern office building. Company facilities are located within a single 430,000 sq ft property, of which over 130,000 sq ft are dedicated to production facilities, equipped with cutting-edge technologies.

FRA owns several quality certifications including ISO 9001, ISO 13485 and BRC and CE.

The deal is for sure a key step in the global and common strategy of the companies whose final target is to create a top class player able to successfully compete in the business of pants, medical textile garments and medical devices. Indeed, the new Group emerging from the integration of FRA and BeoCare will own an outstanding portfolio of seamless pants, mesh pants and several other medical textile products including maternity, surgical and ortho garments, elastic products, medical tubular netting, finger medication and bandages. In addition, BeoCare will now benefit from the outstanding financial support from FRA, so that the company will be able to further improve its manufacturing capacity and the level of service delivered to its customers, vendors and partners.
Indeed, an excellent and outstanding “Customer Service” is not just a key priority for BeoCare but it’s also a milestone of our long term business vision.

We have the passion, the commitment, the skills and the attitude to make it happen, turnaround BeoCare and become your favourite partner.

We look forward to working together and making the new success of BeoCare!!!

For further information please contact:

Bert Gonzalez b.gonzalez@beocare.net
JR McCormick j.mccormick@beocare.net