ALPHARETTA, GA and MIDDLETOWN, DE , November 19, 2014-

SWM (NYSE: SWM) today announced the signing of a definitive agreement to acquire certain assets from Smith & Nephew's (NYSE:SNN) Advanced Wound Management division. As part of the transaction, SWM will acquire SNN's Gilberdyke, UK facility, which will become part of DelStar's operations. The site produces films, nets and foams, which are sold as components for first-aid and wound dressings, and have a variety of other medical applications. Annual revenue of the carved-out business to be acquired is approximately $16 million. The transaction is expected to close once customary closing conditions are met, which is anticipated in advance of year-end; terms of the transaction were not disclosed. Smith & Nephew is headquartered in London, UK.

Mark Abrahams, President of DelStar Technologies, commented "We are very excited to announce this acquisition of highly complementary technologies to our product portfolio. Our combined customer base will benefit from the enhanced product offerings and expanded geographic presence. The Gilberdyke operation is truly first class and we are thrilled to welcome the Gilberdyke team into the SWM and DelStar family."

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