TECNOL Medical announces agreement with Premier

TECNOL Medical announces agreement with Premier

Fort Worth, TX

TECNOL Medical Products, Inc., a manufacturer of disposable medical products, has completed a five-year, sole source agreement to provide disposable face masks to Premier, an alliance of hospitals and health systems. The agreement has the potential to reach approximately $130 million in total sales over five years, of which $60 million would be incremental new business. TECNOL, which had approximately $14 million in mask sales to Premier in 1996, expects sales of at least $18 million in the first year of the new agreement, which began March 1. Under the contract, the company has guaranteed pricing to Premier members that purchase over 90 percent of their face masks from TECNOL. – SES

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