AMSCO INTERNATIONAL INC. ANNOUNCES AGREEMENT TO ACQUIRE FINN-AQUA SANTASALO-SOHLBERG CORP.
AMSCO INTERNATIONAL INC. ANNOUNCES AGREEMENT TO ACQUIRE FINN-AQUA SANTASALO-SOHLBERG CORP. PITTSBURGH, Jan. 27 /PRNewswire/ -- AMSCO International, Inc., (NYSE: ASZ) today announced the signing of a definitive agreement to acquire 100 percent of the stock of Finn-Aqua Santasalo-Sohlberg Corp. Finn-Aqua, a privately owned company headquartered in Hyryla, Finland, is a leading European manufacturer of customized sterilizers for the pharmaceutical industry, multi-effect water stills and, through a division purchased in 1990 from Leybold Group of Germany, freeze dryers. AMSCO International plans to operate Finn-Aqua as part of AMSCO Scientific, a division of the corporation's wholly owned subsidiary, American Sterilizer Co. AMSCO Scientific specializes in a complete line of industrial and laboratory sterilizers, laboratory glassware and animal care washing equipment, absolute barrier isolators, and sterility assurance products and supplies. In discussing the announcement, David A. Nelson, chairman, president and chief executive officer of AMSCO International, noted the complementary nature of the companies' product lines. "This acquisition will enhance AMSCO's position as a worldwide provider of equipment for the pharmaceutical production environment," Nelson said. "AMSCO International believes it is imperative to keep pace with the globalization of the marketplace and the accelerating need of our pharmaceutical customers for the broadest possible range of products and services. This agreement will position AMSCO to provide new products to our existing customers and existing products to important new markets," Nelson added. With estimated 1991 net sales of $30 million, Finn-Aqua operates facilities in Hyryla, Finland, and Hurth, Germany. The company has 240 employees. AMSCO International, headquartered in Pittsburgh, is a leading provider of infection control, decontamination and surgical products and services to healthcare, scientific and industrial customers. Terms of the agreement were not disclosed. The acquisition is scheduled to be finalized by March 1. /delval/ -0- 1/27/92 /CONTACT: Grant Oliphant of AMSCO International, 412-338-6529/ (ASZ) CO: AMSCO International, Inc.; Finn-Aqua Santasalo-Sohlberg Corp. ST: Pennsylvania IN: MTC SU: TNM
DM -- PG008 -- 3891 01/27/92 16:03 EST
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|Date:||Jan 27, 1992|
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