Admedus sells cardio business for $36 million

Cardiovascular device manufacturer Admedus (ASX: AHZ) has sold the distribution rights to its CardioCel and VascuCel product range for $A36.2 million to LeMaitre Vascular Inc. The company, whose ADAPT engineering process produces implantable tissue bio-scaffolds for a range of cardiovascular and vascular applications, will receive $22.8 million in an upfront payment. the remainder will flow…

Local manufacturer Trendpac inducted into the Family Business Australia’s Hall of Fame

Berkeley Vale manufacturer, TrendPac has been inducted into the Family Business Australia NSW/ACT Hall of Fame. The second-generation company shared the prestigious honour alongside Ella Bache and joins former NSW inductees, including Raine & Horne, Akubra Hats, Kennards Hire, Scenic World, and another Central Coast family business, Sharpe Bros., who were inducted in 2008.