Bloomington-based Cook Group to sell West Lafayette-based biotech unit to Florida company

West Lafayette-based Cook Biotech generates less than 2% of Cook Group revenue. All of the unit’s 275 employees will become part of RTI Surgical when the deal closes, which Cook expects to happen as early as this month.

Both Cook and RTI are privately held. The companies did not disclose the transaction price.

Cook Group President Pete Yonkman said in a news release that RTI “is uniquely positioned to take what the team at Cook Biotech has created over the past 28 years and extend its impact around the world.”

RTI Surgical CEO Olivier Visa said in a news release that the company looks forward to welcoming the Cook team and leveraging its “world-class talents and capabilities."