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Accellent merges and buys other firms.(NEWS FROM / Contract Manufacturers)

Medical-device contract manufacturer Accellent Inc., Wilmington, Mass., (accellent.com) will merge with affiliates of private-equity firm Kohlberg Kravis Roberts & Co. (KKR), (kkr.com). The merger is valued at about $1.27 billion. Accellent's management will partner with KKR to retain a stake in the company. No changes are expected in Accellent's strategy or operations.

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