Paine Schwartz Partners has announced that it has made an investment through Paine Schwartz Food Chain Fund V in Sterilex, a developer of innovative proprietary food safety antimicrobial products designed to disinfect and eliminate resistant microorganisms across a wide range of industries, including food processing, animal health, and water treatment. Financial terms of the transaction were not disclosed.
Founded in 1994 and based in Hunt Valley, Maryland, Sterilex is a total food safety solutions provider committed to delivering proprietary technology to eliminate microbial challenges from farm to fork. The company’s proprietary products remove biofilm, eliminate resistant microorganisms, and maintain healthy commercial operating environments in the industries it serves.
The company’s management team, including CEO Alex Josowitz, will continue to lead Sterilex, as it serves more than 5,000 customers and 10,000-plus end-users around the world.
This strategic investment builds on Paine Schwartz’s track record of investing in food safety companies, including its previous investment in, and recent successful exit of, FoodChain ID.