Orthofix International N.V. (Orthofix) announced the company’s plan to close its Huntersville, facility by the end of February 2010. The relocation of the corporate accounting and finance functions from this office was completed in 2008, and the remaining workforce will be relocated prior to the expiration of the current lease in February of next year.
“The consolidation of our operations in Huntersville is part of the broad based effort to reduce operating expenses that we began a year ago,” said Alan Milinazzo, president and chief executive officer of Orthofix. “We have already consolidated operations and reduced the number of facilities we previously occupied in Germany and in the U.K., and the previously announced reorganization at our Blackstone Medical business unit began at the end of last year. The consolidation of Blackstone’s operations in New Jersey and Massachusetts into our Texas facility is scheduled to be completed by the first part of 2010, and we will continue to look for opportunities to optimize our operating efficiency and reduce expenses.”