M&A Deal Summary

BWXT Acquires Sotera Health - Medical Isotopes Business

On August 6, 2018, BWXT acquired medical products company Sotera Health - Medical Isotopes Business from Sotera Health

Acquisition Highlights
  • This is BWXT’s 1st transaction in the Medical Products sector.
  • This is BWXT’s 1st transaction in the United States.
  • This is BWXT’s 1st transaction in Ohio.

M&A Deal Summary

Date 2018-08-06
Target Sotera Health - Medical Isotopes Business
Sector Medical Products
Buyer(s) BWXT
Sellers(s) Sotera Health
Deal Type Divestiture

Target

Sotera Health - Medical Isotopes Business

Broadview Heights, Ohio, United States
Sotera Health LLC - Medical Isotopes Business includes radiochemical and contract manufacturing operations in Kanata, Ontario, and the isotope production facility in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

BWXT

Lynchburg, Virginia, United States

Category Company
Founded 1867
Sector Defense
Employees7,800
Revenue 2.5B USD (2023)
DESCRIPTION

BWXT manufactures nuclear components and is a service provider. BWX's core businesses focus on designing, engineering and manufacturing precision naval nuclear components, reactors and nuclear fuel for the US Government. The Company also provides uranium processing and environmental site restoration services, as well as a variety of products and services to customers in the nuclear power industry. BWXT was founded in 1867 and is based in Lynchburg, Virginia.


DEAL STATS #
Overall 2 of 4
Sector (Medical Products) 1 of 1
Type (Divestiture) 2 of 3
State (Ohio) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-18 BWXT Nuclear Energy Canada

Peterborough, Ontario, Canada

BWXT Nuclear Energy Canada, Inc. is a provider of fuel, fuel handling systems, delivery systems and replacement components for CANDU® reactors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 Laker Energy Products

Oakville, Ontario, Canada

Laker Energy Products, Inc. is a provider of nuclear-grade materials and precisely machined components for CANDU® nuclear power utilities around the globe. Laker Energy Products was founded in 1995 and is based in Oakville, Ontario.

Buy -

Seller(S) 1

SELLER

Sotera Health

Broadview Heights, Ohio, United States

Category Company
Founded 2015
Sector Healthcare Services
Employees3,000
Revenue 1.0B USD (2023)
DESCRIPTION

Sotera Health along with its business entities provides integrated protector of global health. With over 500 years of combined scientific expertise, the company ensures the safety of healthcare by providing mission-critical services to the medical device, pharmaceutical, tissue, and food industries. Sotera Health operates 61 facilities in 13 countries. The company has over 2,600 employees globally and touches the lives of more than 180 million people around the world each year. Sotera Health serves more than 5,000 customers worldwide, including 75 of the top 100 medical device manufacturers. Sotera Health was formed in 2015 and is based in Broadview Heights, Ohio.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-31 Toxikon Europe N.V

Leuven, Belgium

Toxikon Europe N.V is a provider of an integrated analytical, material characterization and microbiological services to the pharmaceutical, medical device and biologics industries. Toxikon Europe was founded in 1990 and is based in Leuven, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-08 Gibraltar Laboratories

Fairfield, New Jersey, United States

Gibraltar Laboratories, Inc. is a provider of microbiology and analytical chemistry testing for pharmaceutical and medical device manufacturers. Gibraltar Laboratories was founded in 1970 and is based in Fairfield, New Jersey.

Buy -