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Corning Acquires Cell Culture, Molecular Biology Reagents Firm Mediatech

NEW YORK (GenomeWeb News) – Corning on Thursday said it has completed its purchase of Mediatech for an undisclosed amount.

Mediatech now operates as a wholly owned subsidiary of Corning and will be integrated into Corning Life Sciences. Mediatech's subsidiary KD Medical was included in the deal.

Based in Manassas, Va., Mediatech develops cull culture media and molecular biology reagents for tissue and cell culture applications. Products sold under the cellgro brand include culture media, basal salt solutions, antibiotics, sera, specialty media, and flexible packaging systems.

Its culture media and molecular biology reagents complement Corning's general labware, cell culture, lab equipment, and high-throughput screening/assay products. The acquisition "enables Corning to continue to improve its strategic balance by strengthening its Life Sciences segment," Corning said.

Jason Walsh, director of New Platforms, Corning Life Sciences, will become general manager of Mediatech. James DeOlden, co-founder of Mediatech, will advise the companies during the leadership transition.