In July 2005, FdG led the recapitalization of Seabrook International in a transaction that allowed the Company's management shareholders to realize liquidity while simultaneously retaining a meaningful equity ownership interest in the Company on a tax-deferred basis. Headquartered in Seabrook, NH, Seabrook is a leading contract manufacturer of highly-engineered, precision instruments and implants for the orthopedic industry. In addition to precision manufacturing capabilities, the Company provides value-added services such as precision assembly, polishing, welding, EDM and laser engraving, and "customs and specials" instrument modification capabilities.
Seabrook will continue to expand its existing customer relationships, building upon its outstanding customer service and commitment to continuous quality improvement. Growth capital from the transaction will be employed to enhance the Company's manufacturing capabilities and further increase production capacity while maintaining Seabrook's dedication to outstanding performance and to forming strong relationships with leading orthopedic implant manufacturers.