ConMed
expansion creates jobs
Apr. 8, 2003
MARRECCA
FIORE
Observer-Dispatch
UTICA
-- ConMed Corp. is in the process of filling 30 new
manufacturing jobs locally that stem from the acquisition
and relocation of a Jacksonville, Fla.-based company
it purchased earlier this year, a company official said
Monday.
"We
are three-quarters of the way through that (hiring)
process," said Joseph J. Corasanti, president and
chief operating officer of ConMed. "Everything
has been moved here (and) we plan to complete the hiring
within the next 60 days."
Since
December 2002, ConMed has acquired four companies. Of
the four, only the product line of one company, CORE
Dynamics of Jacksonville, Fla., is being moved to Utica.
The
company is also adding 50 sales representatives to its
orthopedic sales force, which, at completion of the
hiring, will consist of 18 private distributors.
ConMed's
sales professionals work for distributorships or independent
contractors who are paid commissions after meeting contractual
requirements, Corasanti said. The company's sales staff
is based in cities across the country. The new sales
staff is needed for the integration of Bionx Implants
Inc., which ConMed acquired in March.
"The
increase in our sales force enables us to properly support
the new Bionx business," Corasanti said. "We
believe it will also permit greater sales penetration
for all of our orthopedic products."
The
additional sales force is part of the company's on-going
efforts to grow the company by growing sales revenue,
said ConMed spokesman Sean Leous of New York-based FD
Morgan-Walke.
ConMed,
whose stocks are traded on the Nasdaq under the symbol
CNMD, closed at $16.97, up 0.15.
CONMED
QUICK FACTS:
Location:
525 French Road, Utica.
Number
of employees: 2,500 worldwide; about 1,000 in the Mohawk
Valley.
On
the Web: www.conmed.com
Operations:
A leading developer, manufacturer and supplier of arthroscopic
products, electrosurgical systems, powered instruments,
ECG electrodes and other surgical and patient-care products.
Stock:
Nasdaq, ticker symbol CNMD.
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