Donaldson Company Acquires Biotechnology Firm Purilogics for USD 20m.
MANews-(C)2009-2022
Minnesota, US-based filtration company Donaldson company, Inc. (NYSE: DCI) has acquired South Carolina-based biotechnology company Purilogics, LLC to expand portfolio of purification tools for the life sciences industries, the company said.
Donaldson acquired Purilogics for an initial purchase price of approximately USD 20m as well as milestone-based earnout payments over the next five years.
Once commercialised, revenue from Purilogics' products will be reported within the Donaldson Industrial Filtration Solutions business in the Industrial Products...
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