Acquisitions in Pennsylvania in 2016

Abzena plc has agreed to acquire The Chemistry Research Solution LLC (TCRS), a specialist contract chemistry and bioconjugation company based in Bristol, Pennsylvania, for $15 million plus assumed debt and share consideration. The acquisition broadens Abzena's ADC (antibody-drug conjugate) capabilities, adds US operating presence on the East Coast and creates cross-selling and GMP biomanufacturing expansion opportunities.

Ferro Corporation acquired Electro-Science Laboratories, Inc. (ESL) for $75 million, expanding Ferro's electronic packaging materials capabilities and strengthening its Performance Colors and Glass platform. ESL, a privately held maker of thick-film pastes and ceramic tape systems headquartered in King of Prussia, Pennsylvania, has about 86 employees and generated an expected full-year 2016 adjusted EBITDA of $9.2 million.

TouchPoint has acquired the Health Care Technology business of InterMetro Industries and formed a new platform, TouchPoint Medical, that combines the acquired product lines with TouchPoint's existing medical technology businesses. The acquisition expands TouchPoint Medical's offerings to include mobile computing workstations, automated medication dispensing equipment and mounting systems for hospitals, long-term care and other healthcare facilities.

The Loar Group, an affiliate of private equity firm JLL Partners, has acquired General Ecology, Inc., a designer and manufacturer of drinking water purification systems based in Exton, Pennsylvania. General Ecology supplies Versa‑Pure systems to commercial and business aircraft and markets consumer/portable systems under the Seagull and First Need brands; approximately 75% of its revenue is aftermarket/replacement and two‑thirds of revenue is from aerospace end markets.