NuVasive to Increase Workforce at Newly Acquired PlantThursday, December 26, 2013
NuVasive Inc. will expand the workforce at its Dayton, Ohio, manufacturing plant in 2014 by more than 25 percent, the company announced in a press release.
The 35,000-square-foot factory, now called NuVasive Manufacturing LLC, was acquired by the San Diego-based medical device company in May 2013 for about $4.5 million. The factory develops spinal implants and employs about 70 workers.
Nuvasive (Nasdaq: NUVA) was founded in 1997 and employs 1,300 globally, with about 1,100 in San Diego.
The company posted a $7.5 million profit on sales of $169.2 million for the three months ended Sept. 30 — a 14 percent increase over the $148.4 million in sales for third quarter 2012.