Standex Acquires Custom Biogenic Systems from BioLife Solutions
November 14, 2024
Standex International has acquired Custom Biogenic Systems (CBS), a Michigan-based maker of cryogenic and controlled-rate freezers, from BioLife Solutions for approximately $6.1–$6.2 million in cash. The business will be reported in Standex's Scientific segment and is expected to be accretive in year one, expanding Standex's scientific refrigeration capabilities and North American manufacturing footprint.
- Buyers
- Standex International Corporation
- Targets
- Custom Biogenic Systems (CBS) / Arctic Solutions, Inc.
- Sellers
- BioLife Solutions, Inc.
- Industry
- Manufacturing
- Location
- Michigan, United States
- Transaction Type
- Divestiture
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