Maple Grove Based SterilMed to be Acquired by Ethicon Endo-Surgery

Details of the agreement remain undisclosed.

Ethicon Endo-Surgery, a Johnson & Johnson company, announced Sept. 28 it entered into an agreement to acquire privately held SterilMed, Inc. The announcement, made via a press release from Ethicon Endo-Surgery, Inc., said financial terms of the agreement would not be disclosed. SterilMed, based in Maple Grove, reprocesses and remanufactures medical devices. Ethicon Endo-Surgery develops and markets medical devices. The Maple Grove facility houses 380 of the 800 SterilMed employees. “This is an exciting opportunity for both our customers and our company,” SterilMed Chairman and CEO Brian Sullivan said. “Becoming part of the Ethicon Endo-Surgery franchise, one of the largest and most respected medical device companies in the world, will have…