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EaglePicher Sells Scientific Products Business Unit to EP
Scientific Products LLC
PHOENIX, April 28 /PRNewswire/ -- EaglePicher Incorporated announced that its
subsidiary EaglePicher Technologies, LLC has sold its Scientific Products
business unit to EP Scientific Products LLC, a subsidiary of Apogent
Technologies Inc. , for approximately $23 million. The Scientific Products
business, located in Miami, Okla., is a leading global supplier of ultra-clean
glassware, plasticware and cleaning and treating services for containers used
in the pharmaceutical/biotechnology, semiconductor and environmental
industries.
"This sale is part of EaglePicher Technologies' strategy to focus on its core
businesses," said Louis Lupo, vice president and general manager of EaglePicher
Defense and Space Power and Specialty Materials businesses. "Scientific
Products is an excellent fit for EP Scientific Products and Apogent, whose
Research Group is a leading provider of reusable and disposable plastic and
glass products used in general research applications."
Brookwood Associates, LLC, a leading privately-held investment banking firm
focused on middle-market mergers, acquisitions and financing transactions,
served as exclusive advisor to EaglePicher Technologies, LLC on this
divestiture. Brookwood's advisory team was led by Thomas L. Temple, a Managing
Director in the firm's Charlotte, N.C. office.
EaglePicher Technologies, LLC, a wholly owned subsidiary of EaglePicher
Incorporated, has facilities in Arizona, Missouri, Oklahoma, Kansas and Canada.
The operating group develops and markets advanced high-reliability power
systems and associated electronics for government, space and commercial
applications. It also processes Boron isotopes and anticancer pharmaceutical
ingredients. Areas of global focus include telecommunications, medical,
nuclear power plants, space, defense, environmental, semiconductors and
pharmaceutical/biotech. Additional information is available on the Internet at
http://www.eaglepicher.com/.
EaglePicher Incorporated, founded in 1843 and headquartered in Phoenix,
Arizona, is a diversified manufacturer and marketer of innovative, advanced
technology and industrial products and services for space, defense,
environmental, automotive, medical, filtration, pharmaceutical, nuclear power,
semiconductor and commercial applications worldwide. The company has 4,000
employees and operates more than 30 plants in the United States, Canada,
Mexico, the U.K. and Germany. Additional information on the company is
available on the Internet at http://www.eaglepicher.com/.
This release contains statements which, to the extent that they are not
recitations of historical fact, constitute "forward-looking statements" within
the meaning of Section 21E of the Securities Exchange Act of 1934. These
include any statements about future business operations, financial performance
or market conditions. Such forward-looking information involves risks and
uncertainties that could cause actual results to differ materially. These
risks and uncertainties are discussed in EaglePicher Holding's filings with the
U.S. Securities and Exchange Commission.
EaglePicher(TM) is a trademark of EaglePicher Incorporated.
DATASOURCE: EaglePicher Incorporated
CONTACT: Lou Lupo of EaglePicher, +1-417-623-8000
Web site: http://www.eaglepicher.com/