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London and Southeast regulation agency Moore Barlow has suggested the shareholders of Powys-headquartered CellPath on the sale of CellPath Holdings Restricted’s complete issued share capital to American producer of medical diagnostic tools, StatLab Medical Merchandise, an Audax Non-public Fairness and Linden Capital Companions portfolio firm.
CellPath offers key services to the mobile pathology markets worldwide. The acquisition expands StatLab’s attain into Europe for the primary time and provides injection molding manufacturing to its capabilities.
Roger Bailey, Accomplice within the company workforce at Moore Barlow, stated: “Each CellPath and StatLab are on the forefront of supplying state-of-the-art trendy medical consumables and tools to Mobile Pathology labs. Their work ensures very important innovation all through the sector. The 2 companies complement one another’s propositions, and that is an thrilling acquisition which can enable each to be taught from one another’s specialties, develop their attain and develop throughout the globe so extra individuals can profit from their experience.”
Philip Webber, Managing Director at CellPath, commented: “StatLab is a superb match for us. Their US market entry and enterprise infrastructure will assist collectively develop buyer entry to services as a worldwide market chief. We additionally recognize their management dedication to make sure we preserve the excessive ranges of service and high quality that our household’s enterprise is understood for as we companion as one group.
“It’s an enormous milestone which couldn’t have been achieved with out the assist of Roger Bailey, Kirsty Bowyer and the Moore Barlow workforce who helped to make sure the acquisition, a posh course of at the most effective of occasions, went easily.”
CellPath was based in 1969 by Peter Webber as a histology consumables firm referred to as Bethlehem Devices, and shortly expanded into tools. The corporate will proceed working in the identical areas and below the prevailing management construction to forestall any enterprise disruption.
Regent Assay offered monetary recommendation to the CellPath shareholders. Ian Bussey, who led the Regent Assay workforce, commented: “I used to be delighted that we have been in a position to ship an excellent deal for the Webber household and as common, it was a pleasure to work with Roger Bailey and his workforce at Moore Barlow. CellPath was my closing deal as a part of Regent Assay and it was an effective way to log off”.
The put up CellPath suggested by Moore Barlow on sale to StatLab appeared first on Enterprise Chief.
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