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Invitrogen Divests German BioReliance Manufacturing Unit to Investor Group; Business Not Aligned With Invitrogen s Goals

This update serves to clarify that Invitrogen has divested the Heidelberg, Germany-based unit of its BioReliance business. The BioReliance business itself, which Invitrogen will retain, is based in Rockville, Md. The original story was based on a press release that did not describe the relationship between the Heidelberg and Rockville businesses.

NEW YORK, April 27 (GenomeWeb News) - Invitrogen has sold its BioReliance Manufacturing business to a consortium of investors led by BioReliance's managing director, the company said today.

 

After the management buy-out, which was led by Thomas Pultar, the company will be called BIOMEVA.

 

BioReliance Manufacturing is based in Heidelberg, Germany. It is a "small part" of the overall BioReliance business, based in Rockville, Md., which Invitrogen will retain, according to a company spokesperson.

 

Terms of the divestiture were not disclosed. Invitrogen acquired Rockville-based BioReliance in December 2003 for $500 million.

 

"Bacterial contract manufacturing was not aligned with our strategic direction," Bernd Brust, vice president and general manager for Invitrogen Europe, said in a statement.

 

BioReliance Manufacturing offers fermentation and purification services using recombinant and natural microorganisms. The new company will continue this model, it said.

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