SeraCare Closes Previously Announced Purchase of Celliance Milford Assets
January 17 2006 - 9:35AM
PR Newswire (US)
OCEANSIDE, Calif., Jan. 17 /PRNewswire-FirstCall/ -- SeraCare Life
Sciences, Inc. (NASDAQ:SRLSENASDAQ:SRLS), today announced that it
has closed its previously announced acquisition of the Milford, MA
diagnostic manufacturing facilities and product lines of the
Celliance subsidiary of Serologicals Corporation (NASDAQ:SERO).
Michael F. Crowley, Jr., President and CEO of SeraCare Life
Sciences said, "We are pleased to have completed this acquisition
as we expect it will increase our portfolio of products in the
areas of molecular diagnostic reagents, diagnostic intermediates
and substrates. In connection with this acquisition, we have
assumed the lease on Celliance's state of the art manufacturing,
storage and distribution facility located near our West Bridgewater
manufacturing site. We believe the proximity of these two
diagnostic manufacturing facilities will allow us to achieve
synergies in the areas of manufacturing, staffing and
distribution." About SeraCare Life Sciences SeraCare Life Sciences
Inc. is a manufacturer and provider of biological products and
services to diagnostic, therapeutic, drug discovery, and research
organizations. The Company's offerings include plasma-based
therapeutic products, diagnostic products and reagents, cell
culture products, specialty plasmas, in vitro stabilizers, and the
SeraCare BioBank(TM), a proprietary database of medical information
and associated blood, plasma, DNA and RNA samples. Headquartered in
Oceanside, CA, SeraCare conducts business throughout the world, and
is traded on the NASDAQ national stock market under the symbol
SRLSE. For additional information about SeraCare Life Sciences
Inc., please visit the Company's web site at
http://www.seracare.com/. Safe Harbor For Forward-Looking
Statements Certain statements contained in this press release may
be deemed to be forward-looking statements under federal securities
laws, and the Company intends that such forward looking statements
be subject to the safe harbor created thereby. Such statements
include the Company's expectation that (i) the asset acquisition
will increase its portfolio of products in the areas of molecular
diagnostic reagents, diagnostic intermediates and substrates, and
(ii) the proximity of the Celliance manufacturing facility and the
Company's West Bridgewater manufacturing facility will allow the
Company to achieve efficiencies in the areas of manufacturing,
staffing and distribution. The Company cautions that these
statements are qualified by important factors that could cause
actual results to differ materially from those reflected by the
forward- looking statements. Such factors include, but are not
limited to (i) the ability of the parties to the acquisition
agreement to timely satisfy each of the conditions to closing, (ii)
the Company's ability to integrate the acquired operations into its
own, (iii) the Company's ability to retain the customers from the
acquired operations, and (iv) the Company's access to adequate
blood and plasma raw materials on terms consistent with its
existing contracts. Information on these and additional factors
that could affect the Company and its financial results is included
in the Company's report on Form 10-K for the year ended September
30, 2004 filed with the Securities and Exchange Commission (SEC) as
well as the Company's other public filings with the SEC. The
Company undertakes no obligation to publicly update or revise any
forward looking statements, whether as a result of new information,
future events or otherwise. DATASOURCE: SeraCare Life Sciences,
Inc. CONTACT: Tim Ryan of The Trout Group, +1-212-477-9007, ext.
24, or Web site: http://www.seracare.com/
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