Corning Completes BD Discovery Labware Business Acquisition
01 Novembro 2012 - 10:00AM
Business Wire
Corning Incorporated (NYSE:GLW) announced today that it has
completed the previously announced acquisition of the majority of
the Discovery Labware business from BD (Becton, Dickinson and
Company) (NYSE:BDX) for approximately $720 million in cash.
The acquisition of the BD Discovery Labware business will expand
Corning Life Sciences’ market presence in the multi-billion dollar
global laboratory consumables market, especially in important Asian
markets such as India, Korea, and Japan. Corning’s broad portfolio
of laboratory products and services will be significantly enhanced
by the addition of the Discovery Labware business’s four main
product platforms: plastic consumable labware (liquid handling and
cell culture products); biologically coated plastic consumable
labware; cell culture reagents; and ADME research.
“We are eager to move forward with this very exciting
opportunity to expand Corning’s leadership in the growing
laboratory consumables industry,” said Dr. Richard M. Eglen, vice
president and general manager, Corning Life Sciences. “Discovery
Labware’s talented team of professionals has a proven history of
delivering customer-driven solutions. We will build a bright future
together through our outstanding combination of technologies,
service, and global market access.”
“We are executing our plan to supplement Corning’s organic
growth with strategic acquisitions that extend our capabilities and
market reach,” said Wendell P. Weeks, chairman and chief executive
officer. “We are excited about the comprehensive product portfolio
and established dealer networks that Discovery Labware adds to our
Life Sciences business. With this acquisition, we are not only
enhancing our ability to serve customers, we are honoring our
commitment to build a bigger, more balanced company.”
The BD Discovery Labware business has operations in
Massachusetts, North Carolina, and the United Kingdom, and
extensive dealer networks in Asia, Europe, and North America.
Corning Life Sciences and Discovery Labware customers can expect to
receive the same excellent service they depend on as Corning works
through a business integration plan.
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 160 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.
View Image: Discovery Labware Laboratory
Consumables
Follow Corning: RSS
Feeds | Facebook | Twitter | YouTube
Follow Corning Life
Sciences: Facebook | YouTube
Corning (NYSE:GLW)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Corning (NYSE:GLW)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024