26th Sep 2013 09:52
LONDON (Alliance News) - Porvair PLC Thursday said that it had acquired Thomas Cain Inc., a manufacturer of environmental laboratory equipment, which will be integrated into its Seal Analytical division in the U.S. It gave no financial details of the acquisition.
"The high quality product range is highly complementary to that offered by Seal Analytical and will fit well with sales and marketing programmes already underway," said Chief Executive Ben Stocks in a statement.
The filtration and separation equipment company also signed an agreement with Thermo Electron Manufacturing Limited to commercialise a range of life-science sample preparation filters. Porvair will manufacture products using its filter technology, and Thermo will sell and market them.
Shares in Porvair were trading up 3.0% at 252.50 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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