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Deal snapshot: STERIGENICS AND ITS NORDION UNIT TO ACQUIRE BANKRUPT REVISS SERVICES.

MANews-(C)2009-2016

Canadian lab services provider Sterigenics International LLC and its Nordion medical isotopes and gamma technologies subsidiary have entered into an agreement as part of Reviss' Solvent Members Voluntary Liquidation to purchase Canadian Cobalt 60 supplier Reviss Services Ltd. and its Reviss Services Inc. US subsidiary, the company said.

The transaction is expected to close in 4Q16, subject to the required approvals. In April 2014, Reviss announced that it would cease trading in cobalt-60 due to withdrawal of supply by its Russian supplier, JSC Isotope, resulting in Reviss' Solvent Members Voluntary Liquidation process which commenced in August 2015.

Country: Canada

Sector: Pharmaceuticals

Target: Reviss Services

Buyer: Sterigenics International LLC

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Aug 17, 2016
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