Acquisitions · Cell culture media
Fujifilm buys cell culture media maker Irvine Scientific for about $800 million
- Buyer
- Fujifilm (Tokyo)
- Target
- Irvine Scientific Sales Co. and IS Japan, Santa Ana, California
- Value
- About $800M (both companies)
- Status
- Completed on June 1, 2018.
- Date
- 2018-03-29
Fujifilm bought Irvine Scientific Sales Co. of Santa Ana, California, and its Japanese affiliate IS Japan from JXTG for about $800 million for both companies. Irvine Scientific makes cell culture media used in biopharmaceutical production and research.
Why it matters
Culture media are a key input in making biologic drugs, so the deal broadened Fujifilm's bioprocessing business beyond contract manufacturing.
Sources
Kakehashi M&A News home
