$826m Acquisition of Nordion Is Completed by Sterigenics International

Sterigenics International has completed the $826m acquisition of Nordion.

CEO of Sterigenics International Michael Mulhern said: "By completing this acquisition, we are creating the only vertically integrated sterilisation company in the world, and will have a broader product portfolio, service offering, and global footprint to better serve customers worldwide."

"Moving forward, Sterigenics is extremely well positioned to build on its mission of improving global public health.

Nordion will remain headquartered in Ottawa, Canada, and will continue to operate under the Nordion name.

Kirkland & Ellis LLP, Gowling Lafleur Henderson LLP and Cleary Gottlieb Steen & Hamilton LLP served as legal advisors. Goldman, Sachs & Co served as financial advisor to Sterigenics.

This is the second strategic acquisition by Sterigenics in 2014. In March, Sterigenics closed the acquisition of Food Technology Service Inc.

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