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Corning Incorporated Acquires Axygen BioScience, Inc.

Publication: Business Wire
Publication Date: 16-SEP-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Acquisition to expand Corning's portfolio of life sciences products and global customer access

CORNING, N.Y. -- Corning Incorporated (NYSE:GLW) announced today that it has acquired all the shares of Axygen BioScience, Inc. and its subsidiaries from American Capital Ltd. (Nasdaq:ACAS) for approximately $400 million in cash.

Headquartered in Union City, Calif., Axygen is a leading manufacturer and distributor of high-quality life sciences plastic consumable labware, liquid handling products, and bench-top laboratory equipment with operations in the United States, France, Poland, and China. Axygen will be integrated into Corning's Life Sciences segment.

The acquisition supports Corning's ongoing commitment to supply its customers with a comprehensive and innovative line of laboratory research products by extending its broad array of products. Axygen's product portfolio of high-quality plastic consumables (including pipettes,...

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