MENTOR, Ohio, and LUND, Sweden, Nov. 21 /PRNewswire-FirstCall/ -- STERIS Corporation , a leader in sterilization and decontamination, and Tetra Pak, the world’s leading process equipment and packaging company for liquid food products, today announced the signing of a joint development agreement designed to support the creation of customized sterilization systems that address the needs of the food and beverage industry. The collaboration is expected to result in product and application developments supportive of each company’s core capabilities.
STERIS will provide technical sterilization technologies and related capabilities. Tetra Pak will provide expertise in food and beverage production and packaging and related products. Evaluations will be conducted to determine the ability of STERIS technologies to provide effective sterilization solutions in a broad range of potential food and beverage applications. Development activities will take place at STERIS’s operations in the United States and at Tetra Pak’s operations in Lund, Sweden.
“This agreement with Tetra Pak supports one of our key growth strategies, adapting STERIS’s proven sterilization technologies for use in new applications,” said Gerry Reis, Senior Vice President and President, Life Sciences. “We look forward to working with Tetra Pak and making our sterilization expertise, technologies and services available for use in food and beverage processing and packaging applications worldwide.”
Commenting on the agreement, Mark Atkins, Managing Director of Tetra Pak Research and Development, said, “STERIS and Tetra Pak are both leaders in their respective industries. We are excited about the synergies that can be achieved through our combined research and development capabilities and the possibilities we have to develop new products and processes. These efforts are supportive of each company’s growth strategies and should lead to the enhancement of each organization’s product, technology, and service portfolios.”
About STERIS:
The mission of STERIS Corporation is to provide a healthier today and safer tomorrow through knowledgeable people and innovative infection prevention, decontamination and health science technologies, products and services. The Company’s more than 5,000 dedicated employees around the world work together to supply a broad array of solutions by offering a combination of equipment, consumables and services to healthcare, pharmaceutical, industrial and government customers. The Company is listed on the New York Stock Exchange under the symbol STE. For more information, visit www.steris.com.
About Tetra Pak:
Tetra Pak works for and with its customers to provide preferred processing and packaging solutions for food. We apply our commitment to innovation, our understanding of consumer needs and our relationships with suppliers to deliver these solutions, wherever and whenever food is consumed. Tetra Pak is committed to making food safe and available, everywhere.
Operating in more than 165 markets with 21,100 employees, Tetra Pak believes in responsible industry leadership, creating profitable growth in harmony with environmental sustainability and good corporate citizenship.
This news release may contain statements concerning certain trends, expectations, forecasts, estimates, or other forward-looking information affecting or relating to the Company or its industry that are intended to qualify for the protections afforded “forward- looking statements” under the Private Securities Litigation Reform Act of 1995 and other laws and regulations. Forward-looking statements speak only as to the date of this release, and may be identified by the use of forward-looking terms such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “projects,” “targets,” “forecasts,” and “seeks,” or the negative of such terms or other variations on such terms or comparable terminology. Many important factors could cause actual results to differ materially from those in the forward-looking statements including, without limitation, disruption of production or supplies, changes in market conditions, political events, pending or future claims or litigation, competitive factors, technology advances, and changes in government regulations or the application or interpretation thereof. Other risk factors are described in the Company’s Form 10-K and other securities filings. Many of these important factors are outside STERIS’s control. No assurances can be provided as to any future financial results. Unless legally required, the Company does not undertake to update or revise any forward-looking statements even if events make clear that any projected results, express or implied, will not be realized. Other potential risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, (a) the potential for increased pressure on pricing or raw material cost that leads to erosion of profit margins, (b) the possibility that market demand will not develop for new technologies, products or applications, or the Company’s business initiatives will take longer, cost more or produce lower benefits than anticipated, (c) the possibility that application of or compliance with laws, court rulings, regulations, certifications or other requirements or standards may delay or prevent new product introductions, affect the production and marketing of existing products, or otherwise affect Company performance, results, or value, (d) the potential of international unrest or effects of fluctuations in foreign currencies of countries where the Company does a sizeable amount of business, and (e) the possibility of reduced demand, or reductions in the rate of growth in demand, for the Company’s products and services.
STERIS Corporation
CONTACT: Aidan Gormley, Senior Director, Corporate Communications andInvestor Relations of STERIS, +1-440-392-7607; or Jorgen Haglind, SeniorVice President, Corporate Communications of Tetra Pak, +46 708 36 46 10
Web site: http://www.steris.com/
