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Sartorius Stedim Biotech acquires majority stake in U.S. start-up All Pure Technologies

28/04/2014 by

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Sartorius Stedim Biotech, a leading international supplier for the pharmaceutical and biotech industries, announced that it has signed a contract to acquire the majority stake in the U.S. start-up All Pure Technologies LLC. The privately owned company based in New Oxford, Pennsylvania, USA, has been operating on the market for four years, and in 2013 earned revenue of around U.S. $3 million with 25 employees. AllPure specialises in innovative single-use components for bio pharmaceutical applications, such as aseptic sampling techniques. The parties agreed not to disclose any further details of the purchase agreement.

Reinhard Vogt, member of SSB’s Executive Board commented: “AllPure further completes our portfolio with innovative products that help our customers develop and manufacture their pharmaceutical drugs safer and more efficiently. I am really looking forward to working with the AllPure team and to all that we can accomplish together.”

This article has been extracted from http://www.businesswire.com, please click on this link to read the article in full http://www.businesswire.com/news/home/20140427005062/en/Sartorius-Stedim-Biotech-acquires-majority-stake-U.S

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