Silverfleet exits Sterigenics

Silverfleet Capital and PPM America Capital Partners backed the MBO of Sterigenics in 2004 with $311.5m. In the last seven years, the company has built two new facilities in Shanghai, China, a new facility in Wiesbaden, Germany and spent $100m on the expansion of eight other facilities in the US, France, Belgium and the UK. In 2010, returns increased by 75%.

Sterigenics International was founded in 1978 and has corporate headquarters in Leuven, Belgium, and Oak Brook, Illinois. The company operates 38 facilities and employs more than 1,300 people. As a provider of sterilisations technology the company offers ethylene oxide, gamma ray, electron beam and x-ray processing. Additional services include food safety and treatment of high performance and specialty materials such as semiconductors and polymers.

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