Biosynth Acquires Fitzgerald Industries Life Sciences Supply Business from Trinity Biotech for $30M

April 20, 2023

Biosynth (backed by KKR and Ampersand Capital Partners) has agreed to acquire Trinity Biotech’s Fitzgerald life sciences supply business — comprising Benen Trading Ltd and Fitzgerald Industries International, Inc — for approximately $30 million in cash. Trinity Biotech pursued the divestiture to focus on diabetes care and decentralized diagnostics while reducing net debt; the Fitzgerald business generated about $12 million of revenue in 2022 and will be integrated into Biosynth’s global reagents and biologics platform.

Buyers
Biosynth, KKR, Ampersand Capital Partners
Targets
Fitzgerald Industries (Benen Trading Ltd and Fitzgerald Industries International, Inc)
Sellers
Trinity Biotech plc
Industry
Biotechnology
Location
Massachusetts, United States
Transaction Type
Divestiture

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.