• Corning Acquire Axygen BioScience

News

Corning Acquire Axygen BioScience

Corning Inc has acquired all the shares of Axygen BioScience, Inc and its subsidiaries from American Capital Ltd, for approximately $400 million in cash. Headquartered in Union City, California, Axygen is a leading manufacturer and distributor of high-quality life sciences plastic consumable labware, liquid handling products, and bench-top laboratory equipment with operations in the United States, France, Poland, and China. Axygen will be integrated into Corning’s Life Sciences segment. “Axygen’s product portfolio and established distribution network will significantly strengthen Corning’s life sciences platform and are critical components to our
long-term growth strategy for this business,” said Peter F. Volanakis, Corning’s President and Chief Operating Officer. “We believe this highly strategic acquisition offers synergies that will allow us to grow our life sciences
business to more than $500 million in revenue by 2011,” he added. Hemant Gupta, the founder of Axygen, will remain with the business, serving as President and Chief Executive Officer, as will other key personnel.

For further information please click here.


Digital Edition

Lab Asia 32.1 Feb 2025

February 2025

Chromatography Articles - Comparing volumetric and thermal flowmeters for assessing and validating liquid chromatography performance Mass Spectrometry & Spectroscopy Articles - The importa...

View all digital editions

Events

SPS Smart Production Solutions Guangzhou

Feb 25 2025 Guanghzou, China

SmartLab Exchange

Feb 25 2025 Amsterdam, Netherlands

Nepal Lab

Feb 27 2025 Kathmandu, Nepal

PITTCON 2025

Mar 01 2025 Boston, MA, USA

IFPAC 2025

Mar 02 2025 Bethesda, MD, USA

View all events