REPLIGEN CORP acquired BioFlex Solutions, LLC and Newton T&M Corp (NTM) for ~$31.6 million total consideration, a transaction completed in December 2021, structured as cash (with escrow).
BioFlex Solutions, LLC and Newton T&M Corp (NTM) operates in Fluid Management, is based in Newton, New Jersey, USA. Acquisition of Newton T&M Corp (NTM), the parent of BioFlex Solutions, LLC, including BioFlex's commercialization arm and NTM's manufacturing operations. Both companies, headquartered in Newton, New Jersey, manufacture and commercialize single-use fluid-management products, expanding Repligen's single-use flow-path and assembly capabilities.
Per Repligen's 10-K, NTM (manufacturing) and BioFlex (commercialization) expand Repligen's single-use fluid-management portfolio and vertical manufacturing capability.
Vertical integration of single-use fluid-management manufacturing. Expands single-use flow-path and assembly portfolio. Repligen Fluid Management
NTM, which is headquartered in Newton, New Jersey, is the parent company of BioFlex and focuses on manufacturing of products, while BioFlex, also headquartered in Newton, New Jersey, commercializes single-use fluid management products.Repligen FY22 10-K, 2021 Acquisitions note
Advisory firms were not disclosed for this transaction.