In Brief: Cantel Industries
This article was originally published in The Gray Sheet
Executive Summary
Cantel Industries: Signs letter of intent to acquire sterility assurance products manufacturer Surgicot for 600,000 shares of Cantel stock and $4.5 mil. Subject to fulfillment of certain conditions, the deal is expected to close prior to July 31, 1996. Cantel notes that the acquisition marks the second step in its strategy "to grow its business in the area of infection control." The company recently completed the purchase of MediVators, a manufacturer of endoscope disinfection equipment and supplies and medical waste disposal systems ("The Gray Sheet" Jan. 15, 1996, I&W-9)...