M&A Deal Summary

Corning Acquires Discovery Labware

On November 1, 2012, Corning acquired healthcare services company Discovery Labware from Becton Dickinson for 720M USD

Acquisition Highlights
  • This is Corning’s 1st transaction in the Healthcare Services sector.
  • This is Corning’s 2nd largest (disclosed) transaction.
  • This is Corning’s 9th transaction in the United States.
  • This is Corning’s 3rd transaction in Massachusetts.

M&A Deal Summary

Date 2012-11-01
Target Discovery Labware
Sector Healthcare Services
Buyer(s) Corning
Sellers(s) Becton Dickinson
Deal Type Divestiture
Deal Value 720M USD

Target

Discovery Labware

Billerica, Massachusetts, United States
Discovery Labware unit’s main product platforms: plastic consumable labware (including tubes, pipettes, Petri dishes, tissue culture dishes, and flasks); liquid-handling products; cell-based assays and cell cultureware; and ADME research.

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Buyer(S) 1

Buyer

Corning

Corning, New York, United States

Category Company
Founded 1851
Sector Manufacturing
Employees49,800
Revenue 12.6B USD (2023)
DESCRIPTION

Corning is a manufacturer of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications, and life sciences. Corning was founded in 1851 and is based in Corning, New York.


DEAL STATS #
Overall 10 of 17
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 3
State (Massachusetts) 3 of 3
Country (United States) 9 of 13
Year (2012) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Mediatech

Manassas, Virginia, United States

Mediatech, Inc. is a provider of specialized and custom biological media products including cell-culture media, molecular biology reagents, basal-salt-solutions, antibiotics, and sera, to the life sciences industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-27 Bargoa S/A

Rio de Janeiro, Brazil

Bargoa S/A, provides a wide range of connectivity solutions for the Brazilian telecommunications sector.

Buy -

Seller(S) 1

SELLER

Becton Dickinson

Franklin Lake, New Jersey, United States

Category Company
Founded 1897
Sector Medical Products
Employees75,000
Revenue 19.4B USD (2023)
DESCRIPTION

Becton Dickinson is a global medical technology company that develops, manufactures and sells medical devices, instrument systems and reagents. The Company is dedicated to improving people's health throughout the world. BD is focused on improving drug delivery, enhancing the quality and speed of diagnosing infectious diseases and cancers, and advancing research, discovery and production of new drugs and vaccines. Becton Dickinson was incorporated in 1897 and is headquartered in Franklin Lake, New Jersey.


DEAL STATS #
Overall 4 of 8
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 4 of 8
State (Massachusetts) 1 of 1
Country (United States) 4 of 8
Year (2012) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-28 Sirigen Group

Ringwood, United Kingdom

Sirigen Group Ltd. is a developer of unique polymer dyes that are used in flow cytometry and can be applied to other technologies. Sirigen provides greater sensitivity and permits analysis of more markers for the investigation and management of diseases like HIV and leukaemia, providing more meaningful information about disease earlier. Sirigen Group was formed in 2003 and is based in Ringwood, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-12 Cato Software Solutions

Vienna, Austria

Cato Software Solutions is the manufacturer of cato® and chemocato® software, a suite of comprehensive medication safety solutions for pharmacy intravenous medication preparation, physician therapy planning and nurse bedside documentation. Cato provides an automated system that creates and shares data to help reduce human error, standardize practice, streamline workflow and increase efficiency from medication preparation to delivery, in both pharmacy and clinical drug delivery settings.

Buy -