bioMerieux acquires PML Microbiologicals
bioMerieux, a leader in in vitro diagnostics, has acquired PML Microbiologicals, a North American provider of culture media and microbiological products for clinical and industrial applications, for US$29.6m.
Founded in 1969, PML has 205 employees with 2007 sales of US$24m. The company specialises in reagents, including prepared culture media (PPM) for sterility testing and environmental monitoring, as well as control organisms, which are complementary to bioMerieux's offering.
The acquisition will enable bioMerieux to become a leading provider in the US of microbiology testing systems for pharmaceutical companies. In addition, bioMerieux will enter the North American clinical PPM market, becoming a leading PPM provider for clinical applications in Canada.
PML's sites in Portland and Toronto will join bioMerieux's worldwide network of culture media production centres.
bioMerieux purchased 100% of PML Microbiologicals' shares from the privately held Pelican Life Sciences Group, based in San Diego.