ICN Buys Siemens Unit
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COSTA MESA — ICN Pharmaceuticals Inc. has agreed to buy a radiation-monitoring business from Germany’s Siemens AG for undisclosed terms.
Siemens Dosimetry Service, based in Illinois, provides and processes badges to monitor employees’ radiation exposure, calculates the exposure and maintains exposure histories. It also submits exposure histories, as required by the government. The unit, with has 60 employees, had sales of $9.3 million in the 12 months ended Sept. 30, 1995.
ICN, a Costa Mesa-based drug maker with operations in more than 60 nations, already has a radiation-monitoring unit with 39 employees. ICN had sales of $508 million in 1995.
“This acquisition is a perfect fit for ICN,” said Sandi Nemecek, worldwide director of ICN’s Dosimetry Service. Both companies’ radiation-monitoring units have been consistently profitable, said ICN spokeswoman Jennifer Openshaw.
ICN processes radioactive chemicals for medical use at its facility in Irvine.
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