Milliken & Co., a textiles company based in Spartanburg, SC, has acquired Andover Healthcare.
Andover is a manufacturer of healthcare products that include wound care dressings, cohesive bandages and medical tapes. Terms of the deal were not disclosed.
“Andover Healthcare is a natural fit for Milliken,” said Halsey Cook, Milliken president and CEO. “We are equally committed to improving the patient healing experience through innovative solutions, and our shared focus on ethics and integrity unites us culturally. Our combined expertise and common drive to create innovative solutions invites us to set the bar for comprehensive patient care that help create a healthier future.”
Andover was advised by Capstone Headwaters, an investment banking firm.
