Acquisition to aid in analysis and purification of chiral compounds.
Sigma-Aldrich acquired Advanced Separation Technologies (Astec), in a move that it believes will enhance its research specialties business unit’s chiral chromatography capabilities and product line, enabling the company to better support the analysis and purification of chiral compounds.
“In addition to a wide range of proprietary chiral chromatography products, the acquisition of Astec brings the specialized knowledge of chiral separations embodied in its people,” comments Russel Gant, vp for Sigma-Aldrich’s chromatography manufacturing site.
With annual revenues of roughly $2 million, the late-year acquisition will not have a material impact on the company’s sales but is expected to help the company meet its growth goals over the next several years. The transaction will be neutral to earnings in 2006, with no initial charges.