Sigma-Aldrich unit creates new biosciences division
Monday October 3, 11:05 am ET
A Sigma-Aldrich Corp. unit created a new entity for its fine chemicals business, it said Monday.
The SAFC fine chemicals division created SAFC Biosciences, based in Lenexa, Kan., to include its biopharmaceutical development and cell-culture-related manufacturing services. The company transferred the former JRH Biosciences business, which it acquired earlier this year for $370 million, into the new unit, which becomes a legal entity Jan. 1.
SAFC Biosciences had sales in 2004 of more than $150 million. The unit will become the fourth segment of SAFC, which has sales of $425 million.
St. Louis-based Sigma-Aldrich Corp. produces biochemical and organic chemical products used in research, biotechnology, pharmaceutical development and chemical manufacturing.
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