MCKINNEY, Texas–(BUSINESS WIRE)–Jun 8, 2022–
StatLab Clinical Merchandise (StatLab), an Audax Private Fairness and Linden Cash Partners portfolio business and a foremost developer and manufacturer of professional medical diagnostic materials and machines, right now announced that it has acquired CellPath Ltd. (CellPath), a British isles-primarily based maker and supplier of goods and services targeted on the histology and cytology marketplaces. This addition of new manufacturing capabilities and founded British isles consumer foundation both strengthens the core business and positions StatLab for intercontinental expansion and marketplace enlargement.
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Primarily based in the United kingdom, CellPath was started in 1969 by Peter Webber as a histology consumables firm recognized as Bethlehem Devices, and quickly expanded into gear. Right now, CellPath is an established market place chief in Europe, supplying essential items and services to both of those the cytology and histology market place segments. With this acquisition, StatLab expands its achieve into Europe, adds vital injection molding production abilities, and acquires proprietary merchandise which include the CellNass archiving service.
“We have extended revered CellPath for their very well-attained popularity of providing innovative items that remedy issues for labs, and are very pleased to welcome them to the StatLab relatives of brands,” reported Mike Karsonovich, CEO of StatLab. “Now paired with the strategic acquisition of United kingdom-primarily based devices maker Pyramid Innovation in 2021, CellPath’s proven European current market situation and complementary portfolio will empower meaningful global advancement in the histology sector.”
Philip Webber, CellPath Joint Managing Director along with his brother Paul, provides, “StatLab is an superb in shape for us their US market access and business infrastructure will enable jointly develop consumer obtain to products and expert services as a global sector chief. We also respect their leadership determination to guarantee we maintain the large concentrations of support and good quality that our family’s business is recognised for as we spouse as a person firm.”
CellPath will go on working in the identical areas and underneath the present management composition to reduce any business disruption.
About StatLab Medical Goods
Launched in 1976, StatLab Healthcare Goods is major the way in development and manufacturing of superior-excellent histology, cytology and immunohistochemistry diagnostic merchandise. We lover with anatomic pathology laboratories to present quick accessibility to around 3,500 high-top quality diagnostic products and solutions and devices at outstanding price ranges, delivered with pro guidance. When you function with StatLab, we’re on your workforce, and you are aspect of our family. Find out a lot more at StatLab.com.
About CellPath Ltd.
CellPath Minimal is a United kingdom-based mostly business, specializing in the manufacture and around the world provide of products and solutions, consumables and companies to the Cellular Pathology sector. The CellPath name is synonymous with revolutionary, properly-confirmed products, created to a really significant typical. With an in-household state of the art injection molding capacity, they manufacture several of the plastic products that are made use of in the modern day Histology and Cytology laboratory, and their capacity to sell direct from manufacture to the conclude person allows charge-conserving without the need of compromise on high quality and service.
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Copyright Business Wire 2022.
PUB: 06/08/2022 02:02 AM/DISC: 06/08/2022 02:02 AM
Copyright Business Wire 2022.