Empowering Innovation: StatLab Welcomes Scientific Device Laboratory Into Family
25 Abril 2024 - 8:00AM
Business Wire
Acquisition of Chicago-based Scientific Device Laboratory
facilitates StatLab’s growth in the microbiology market
StatLab Medical Products (“StatLab”), a leading developer and
manufacturer of medical diagnostic supplies and equipment, today
announced the acquisition of Scientific Device Laboratory (“SDL”),
a Chicago-based manufacturer of printed diagnostic slides and a
variety of consumables and kits for the anatomic pathology and
microbiology markets. The addition of SDL to the StatLab family of
businesses expands customer reach for both entities and provides a
new U.S. research and development hub for the broader StatLab
organization.
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Scientific Device Laboratory manufactures
custom printed diagnostic slides, among other microbiology and
anatomic pathology consumables and kits. (Photo: Business Wire)
“The acquisition of SDL provides a terrific opportunity to
expand our presence in the microbiology market and increase the
reach of StatLab products into new customer segments and regions
through SDL’s current channels,” said Sung-Dae Hong, CEO of
StatLab. “Together with SDL’s founder, Dr. Lipton, our team is
looking forward to accelerating product development and innovation,
while continuing to serve existing customers by scaling SDL
operations through the commercial and manufacturing resources that
StatLab can offer.”
Dr. Stewart Lipton founded SDL over 40 years ago after
recognizing the need for customized clinical diagnostic products as
a lab director at a major Chicago hospital. SDL manufactures
customized products for OEMs, hospitals, and university
laboratories, with a focus on printed diagnostic slides, control
slides, and sample preparation products including mycobacterial
test kits.
StatLab Executive Chairman Joe Bernardo added, “SDL is a unique
acquisition for us; in conjunction with our newly added glass-slide
manufacturing site in Germany, we are able to better service the
existing customers of both StatLab and SDL through a dual-continent
footprint for both glass manufacturing and R&D. This
exemplifies the strength of our strategic differentiation through
diverse manufacturing capabilities.”
“This decision to combine forces with StatLab will be
transformative for our business,” SDL founder Dr. Stewart Lipton
remarked. “Through scaling and optimizing the manufacturing of our
core products, and by empowering us to focus on additional research
to create new, innovative products, this transaction builds on
SDL’s legacy of solving problems for our customers.”
Dr. Lipton will continue in his leadership role at the SDL
manufacturing site in the near-term, and as StatLab continues to
grow, he will shift focus to R&D and innovation as the combined
company further scales its operations.
Arakelian and Associates LLC served as exclusive financial
advisor to Scientific Device Laboratory on this transaction.
About StatLab Medical Products
StatLab Medical Products has been dedicated to helping anatomic
pathology laboratories provide the best possible patient care since
1976. We offer an extensive portfolio of self-manufactured
consumables and labeling and tracking equipment from six
manufacturing sites in the United States, United Kingdom, and
Germany. Our global operational footprint powered by over 500
mission-driven colleagues delivers a dependable and resilient
supply chain of high-quality products and solutions, and a
customer-centric approach inspires us to deliver reliability,
innovation, and quality in every interaction. Learn more at
StatLab.com.
About Scientific Device Laboratory
SDL has been solving problems for clinical laboratories for over
40 years, supplying hospitals, universities and OEM customers with
control slides, reagents, diagnostic sample preparation products,
and more to support clinical testing in the microbiology and
histology markets.
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Jessica Baer jbaer@statlab.com 630-346-1659