Savillex, LLC, an Eden Prairie, Minn., supplier of high-purity fluid handling equipment for life science and laboratory work, has completed its acquisition of the Life Sciences Fluid Management business of Entegris, Inc., based in Billerica, Mass. Terms of the transaction were not disclosed.
The acquired portfolio covers bioprocessing and pharmaceutical manufacturing products, including the Aramus line, polyethylene bags, single-use assemblies and components used in discovery, clinical work and commercial production. Savillex said the addition broadens its life sciences range with more single-use options.
Portfolio fit and customer impact
Eric Giesing, chief executive of Savillex, said the Aramus product family sits naturally alongside the company's Savillex, Containment and Bioprocessing offerings, and that the purchase lets it serve biopharmaceutical and pharmaceutical customers with a wider set of products. He added that the company intends to keep investing in technologies aimed at speeding the development and production of therapies.
Chris Bedi, general manager for fluid management at Savillex, said the fluid management line complements existing capabilities and should extend the combined company's ability to support partners across drug development.
Customers can expect a broader range of single-use solutions and greater technical depth supporting applications from early-stage research through commercial manufacturing, according to the company. Savillex described the transaction as part of its strategy of investing in innovation, quality and customer partnerships, and said the acquired business brings an experienced team and established high-purity fluid management technologies.
EC M&A of New York acted as financial advisor to Savillex, and Sidley Austin LLP of Chicago served as legal counsel.