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QUEENSBURY, N.Y. -- It was big news earlier this week when executives at AngioDynamics, one of the North Country's largest employers, announced they'd be aquiring another one of the region's biggest companies.

AngioDynamics, which is based in Latham but has a manufacturing plant in Queensbury, will purchase Glens Falls based Navilyst for $372 million.

The two companies are roughly four miles apart and both specialize in making medical devices, such as catheters. With each plant employing between 350 and 400 people, local officials said they're relieved Navilyst was purchased by another local company, likely meaning those jobs will stay put.

"As I've thought it through, I don't see it as transformational. I don't see us doing things much differently, I just think we're going to be better," said Joe DeVivo, AngioDynamics CEO.

"The city of Glens Falls is fortunate to have 350 employees and the mayor has communicated with the CEO of AngioDynamics and is hopeful the number can stay around that amount," said Ed Bartholomew, Glens Falls Economic Development Director.

A spokesperson for AngioDynamics says the merger is still under SEC review and will likely be finalized this spring.