Deal snapshot: STERIGENICS AND ITS NORDION UNIT TO ACQUIRE BANKRUPT REVISS SERVICES.
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.
Target: Reviss Services
Buyer: Sterigenics International LLC
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
|Printer friendly Cite/link Email Feedback|
|Publication:||M & A Navigator|
|Date:||Aug 17, 2016|
|Previous Article:||Deal snapshot: CAVIUM CLOSES USD 1.36BN ACQUISITION OF NETWORKING INFRASTRUCTURE SOLUTIONS FIRM QLOGIC.|
|Next Article:||Deal snapshot: SIGMA GROUP ACQUIRES ENHANCEMENT SERVICES UNIT FROM LOYALTY SERVICES FIRM AIMIA.|