Sigma-Aldrich Completes Acquisition of JRH Biosciences
Sigma-Aldrich Corporation announced that it has completed its acquisition of the JRH Biosciences division (JRH) of CSL Limited for $370 million in cash, subject to normal post-closing adjustments. JRH is a leading global supplier of cell culture and sera products to the biopharmaceutical industry with 2004 sales of approximately $150 million, which are expected to increase by approximately 10% in 2005. Ten months of JRH's operating results will be added to Sigma-Aldrich's performance in 2005.
JRH, headquartered in Lenexa, Kansas, has major manufacturing facilities and/or serum collection and processing centers in Caseyville, Illinois, Lenexa, Kansas, and Denver, Pennsylvania in the United States; Andover in the United Kingdom; and Brisbane and Brooklyn in Australia. JRH's product lines include sera, cell culture media used in the production of therapeutic proteins, reagent growth factors and biological material containers. JRH has approximately 400 employees.
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