Sterigenics International, Inc. Goes Up On The Block

(Reuters) - Sterigenics International LLC, a provider of contract sterilization services to the medical device and food industries, is exploring a sale that could value it at as much as $1.5 billion, including debt, according to people familiar with the matter.

Sterigenics’ owner, private equity firm GTCR LLC, has asked investment banks Goldman Sachs Group Inc (GS.N) and Jefferies LLC to run a sale process for the company, three people said this week.

The move comes just two months after Sterigenics acquired Nordion, a provider radioactive isotopes for the global health science market, for $826 million.

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