Corning Completes Acquisition of Plaslab S.A.S.
04 Outubro 2010 - 9:30AM
Business Wire
Corning Incorporated (NYSE: GLW) announced today that it has
completed the previously announced acquisition of all outstanding
shares of Plaslab S.A.S. from certain investment funds managed by
Qualium Investissement and from the other shareholders of Plaslab.
Plaslab is the holding company of Plastiques Gosselin.
Headquartered in Borre, France, Plastiques Gosselin is a leading
manufacturer and distributor of high-quality plastic consumable
labware in Europe. The business will be integrated into Corning’s
Life Sciences segment, with Jean Gosselin remaining as President of
Plaslab and Plastiques Gosselin.
Plastiques Gosselin’s wide array of sampling, testing, and
analysis products (including Petri dishes, bottles, containers,
tubes, bags, and accessories) complement the general labware, cell
culture, lab equipment, and HTS/Assay products offered by Corning.
The acquisition also furthers Corning’s strategy to continue to
improve its strategic balance by strengthening its Life Sciences
segment.
Forward-Looking and Cautionary Statements
This press release contains “forward-looking statements” (within
the meaning of the Private Securities Litigation Reform Act of
1995), which are based on current expectations and assumptions
about Corning’s financial results and business operations, that
involve substantial risks and uncertainties that could cause actual
results to differ materially. These risks and uncertainties
include: the effect of global political, economic and business
conditions; conditions in the financial and credit
markets; currency fluctuations; tax rates; product demand
and industry capacity; competition; reliance on a concentrated
customer base; manufacturing efficiencies; cost reductions;
availability of critical components and materials; new product
commercialization; pricing fluctuations and changes in
the mix of sales between premium and non-premium products; new
plant start-up or restructuring costs; possible
disruption in commercial activities due to terrorist activity,
armed conflict, political or financial instability, natural
disasters, adverse weather conditions, or major health concerns;
adequacy of insurance; equity company activities; acquisition and
divestiture activities; the level of excess or obsolete inventory;
the rate of technology change; the ability to enforce patents;
product and components performance issues; retention of key
personnel; stock price fluctuations; and adverse litigation or
regulatory developments. These and other risk factors
are detailed in Corning’s filings with the Securities and
Exchange Commission. Forward-looking statements speak only as of
the day that they are made, and Corning undertakes no obligation to
update them in light of new information or future events.
About Corning Incorporated
Corning Incorporated (www.corning.com) is the world leader in
specialty glass and ceramics. Drawing on more than 150 years of
materials science and process engineering knowledge, Corning
creates and makes keystone components that enable high-technology
systems for consumer electronics, mobile emissions control,
telecommunications and life sciences. Our products include glass
substrates for LCD televisions, computer monitors and laptops;
ceramic substrates and filters for mobile emission control systems;
optical fiber, cable, hardware & equipment for
telecommunications networks; optical biosensors for drug discovery;
and other advanced optics and specialty glass solutions for a
number of industries including semiconductor, aerospace, defense,
astronomy and metrology.
About Plaslab S.A.S.
Plaslab S.A.S. is the holding company of Plastiques Gosselin
S.A.S. Plastiques Gosselin is a leading manufacturer and
distributor of high quality plastic consumable labware in Europe.
Founded in 1965, the company employs over 300 associates serving
pharmaceutical, academic, and industrial customers in microbiology,
food testing, water testing and clinical markets across Europe from
its headquarters and manufacturing facility in Borre, France and
its manufacturing facility in the United Kingdom. The company also
has a sales and logistics office in the U.S. More information about
Plastiques Gosselin can be found at www.gosselin.eu.
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