Tom Drury, one of the principle founders of Hydrofera, LLC, and a group of investors, acquired the Hydrofera business from Hollister Incorporated on January 31, 2018. The terms of the sale were not disclosed. Mr. Drury will serve as the Chief Executive Officer.

Mr. Drury's forte has always been the development of new products and technology, which has been the basis for the success of the Hydrofera brand. Mr. Drury originally brought Hydrofera Blue products to market and helped introduce the products to Hollister Incorporated. After Hollister Incorporated purchased the Hydrofera business in 2012, Mr. Drury stayed on as Chief Operating Officer of Hydrofera, LLC, until his retirement in July 2016.

"Hollister Incorporated expanded the reach of Hydrofera Blue and provided an excellent platform for continued growth and success of the brand," Mr. Drury stated. "I am extremely excited to be back at the helm and look forward to continuing the success and innovation that is synonymous with Hydrofera Blue. Our pledge is to provide our patients with products to improve outcomes, and provide our customers and distributors with the dedication and service they deserve."

Hollister Incorporated will continue to provide customers with wound care products, including Hydrofera Blue, until Hydrofera, LLC begins distribution. It is a top priority to ensure that there will not be a disruption in service to customers.

About Hydrofera, LLC

Hydrofera, LLC, is owned by a group of investors led by Tom Drury, one of the founders of Hydrofera Blue products. The company develops and manufactures Polyvinyl Alcohol (PVA) foam products for medical applications. Headquartered in Manchester, Connecticut, Hydrofera LLC serves customers in the United States and Canada with its award-winning portfolio of Hydrofera Blue products.