Six years ago, seeking to boost sales and build a more robust European business, Warsaw, IN-based Biomet Inc. created a joint venture with German pharmaceutical manufacturer Merck KGAA . [See Deal] Each company would leverage its existing offerings and operations with the complementary offerings of its partner. But the very success of the joint effort led to its demise, at least as a collaboration, with Biomet announcing in December that it has bought out Merck and will run the continued operations on its own.
Biomet and Merck began their joint venture, called Biomet-Merck, in February of 1998. Biomet brought its European orthopedics operations to...
