MTI Global buys control of Sterne, silicone goods maker in France

Mississauga, Ontario — MTI Global Inc.has announced that it has agreed to purchase 51% of Sterne SARL of Cavaillon, France. Sterne SARL is a manufacturer of medical grade silicone products. The company will be re-named MTI Sterne

Under the agreement, MTI has agreed to purchase 51% of Sterne for the nominal sum of EUR 49,000 and to lend to Sterne the amount of EUR 300,000 to complete the upgrade of their current clean room capability to a new 1550 sq. ft (140 sq. m)…