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9 December 2013

Sterigenics agrees deal to acquire FTSI

Sterigenics has agreed a deal to acquire FTSI. The Wall Street Journal quotes Mike Mulhern, CEO of Sterigenics as saying “We are excited to be partnering with FTSI and its management team, Richard Hunter and the FTSI team have built an attractive business with outstanding service and strong customer relationships. We look forward to adding FTSI to Sterigenics’ market-leading global sterilization platform.”

The article in The Wall Street Journal quotes Rick Hunter, President and CEO of FTSI, as saying, “This is great news for the Company and our customers and shareholders. It is a clear endorsement of Food Technology Service, Inc. and of the hard work and commitment of each and every one of our employees. Sterigenics and Food Technology Service, Inc. share the same commitment to technical expertise and providing high quality service and we look forward to joining them.”