Continental Laboratory Products Inc., a San Diego manufacturer of disposable fluid-handling plastics, reagents and instrumentation used in molecular biology research, is now a Pelican Life Sciences company.
CLP, which has a facility in Baja, Mexico, that produces disposable items like pipette tips, tubes and trays for fluid handling, was one of three companies that Pelican Life Sciences bought June 27. No prices were disclosed.
The buyer is a Huntersville company formed to serve the life sciences market and scientific researchers. It received a big boost in April when it secured $100 million in private equity funding raised by Grotech Capital Group of Baltimore and Ferrer Freeman & Co. of Greenwich, Conn.
Pelican also bought PGC Scientifics Corp., a maker and distributor of molecular biology and scientific product consumables in Frederick, Md.; and Kemp Biotechnologies Inc., a Frederick contract provider whose unit GeneChoice makes molecular biology reagents and kits for research.
Bill Baugh, chief executive officer of Pelican, said the companies combine with Pelican's first purchase, PML Microbiologicals, to give it solid platforms in molecular biology and microbiology.
He said Pelican will make significant investments in each of the companies to boost product development and provide growth opportunities.