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CalibreScientific Acquires PhytoTechnology Laboratories, a Leading Provider of Plant Molecular Biology and Plant Tissue Culture Research Products


Posted on: 11 Sep 18

LOS ANGELES, Sept. 11, 2018 (GLOBE NEWSWIRE) -- CalibreScientific is pleased to announce that it has completed the acquisition of PhytoTechnology Laboratories, LLC (“PhytoTech Labs“ or the “Company”), a provider of products for plant molecular biology and plant tissue culture research sold throughout the world.

Headquartered in Lenexa, Kansas, PhytoTech Labs is an industry leading provider with a diversified product portfolio including tissue culture media, antibiotics, plant growth regulators, microbiology media, buffers, surfactants, stains and dyes. With over 20 years of experience, the Company has been an industry leader due to its extensive product portfolio, highly consistent media formulation, fast shipping and strong emphasis on customer service and technical support. PhytoTech Labs prioritizes customer satisfaction for its longstanding client base that includes greenhouses, commercial micro-propagation labs, agbiotech research labs, bio-pharma production labs, land grant universities and government agencies.

The acquisition of PhytoTech Labs adds an exceptional niche brand under the CalibreScientific umbrella that can take advantage of CalibreScientific’s global sales, marketing, warehousing and distribution capabilities to drive further growth across the world. The Company has established itself as a differentiated provider that possesses several qualities that present long-term value creation opportunities within the group.

“PhytoTech Labs promises to be a unique addition to the CalibreScientific family,” said Dr. Ben Travis, CEO of CalibreScientific. “We’re looking forward to combining PhytoTech Labs’ specialized product offerings with our international reach to develop new growth opportunities within the group. Together, CalibreScientific and PhytoTech Labs will deliver innovative plant-based solutions to customers on a global scale.”

“CalibreScientific has built a formidable platform that provides a perfect home for PhytoTech Labs as it embarks on the next phase of its growth trajectory,” stated PhytoTech Labs’ Founder and CEO, Dr. Kenneth Torres. “I am impressed by the CalibreScientific management team philosophy of embracing the unique qualities of each company and building on it which will not only provide our employees great growth opportunities but also help take the Company and the overall customer experience to the next level.”

About CalibreScientific Inc.

CalibreScientific is a diversified global provider of life science reagents, tools, instruments, and other consumables to the lab research, diagnostics, industrial and biopharmaceutical communities. The Company is committed to pushing the boundaries of science and innovation through internal expertise combined with strategic acquisitions that help deliver a differentiated and comprehensive set of products, services and support to our customers. CalibreScientific represents a portfolio of niche life science companies, across various key verticals, that have an unrivaled ability to address the unique challenges of their respective markets. Through a combination of acquisitions and organic growth our global reach extends into over 53 countries, empowering customers all over the world. Headquartered in Los Angeles, California, CalibreScientific continues to grow across a wide array of verticals and geographies, further diversifying its product offering and global footprint to laboratories around the world.

For more information, visit www.calibrescientific.com, or contact Dr. Matthew Lorence, SVP, Marketing, mclorence@calibrescientific.com.

GlobeNewswire
globenewswire.com

Last updated on: 11/09/2018

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