FTS Systems, Inc. (FTS) was a manufacturer of precision thermal control systems serving the pharmaceutical, biotechnology, and industrial market.
Celerity engaged Carter Morse & Mathias as exclusive advisor to manage the divestiture of FTS. Celerity sold FTS to SP Industries, a global supplier of laboratory-to-production scale freeze dryers marketed under the well-known brands of VirTis® and Hull®. FTS and SP Industries were direct competitors at the time, located within 30 miles of each other along the Hudson Valley in New York.
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