The 2020 Mid-Year Economic Update_long

Fortive Acquires Advanced Sterilization Products

Advanced Sterilization Products was acquired from Ethicon, Inc., a subsidiary of Johnson & Johnson.

Fortive Corp. (NYSE: FTV), Everett, WA, has completed the acquisition of the Advanced Sterilization Products from Ethicon, Inc., a subsidiary of Johnson & Johnson, for $2.7 billion in cash.

Advanced Sterilization Products is a global provider of innovative sterilization and disinfection solutions, and a pioneer of low-temperature hydrogen peroxide sterilization technology. 

 “We are extremely excited to welcome ASP to the Fortive family,” said James A. Lico, president and CEO of Fortive. “The acquisition of ASP demonstrates our increased commitment to enhancing the safe operation of hospitals and healthcare facilities worldwide. We are confident that the addition of ASP to the Fortive portfolio will generate compelling value for ASP and its customers, as well as our shareholders.”

Related Posts

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.