Delancey Street Partners is pleased to announce the following transaction:
Sale to Mettler-Toledo International Inc. (NYSE: MTD)
Sector: Industrial & Industrial Technology
Delancey Street Partners served as the exclusive financial advisor to Biotix, Inc.
Delancey Street Partners is pleased to announce that we served as exclusive financial advisor to Biotix, Inc. (“Biotix” or “the Company”), a leading pipette tip manufacturer, in its sale to Mettler-Toledo International Inc. (“Mettler-Toledo”).
Biotix develops and manufactures laboratory consumables and liquid handling solutions for life science, clinical, pharmaceutical, and biotechnology laboratories in the U.S. and internationally. Biotix specializes in pipette tip innovation, enabling the Company to engineer tips that improve accuracy, precision, and ergonomics. The Company offers manual tips (uTIP and xTIP), automation tips (aTIP) for robotic applications, ergonomically designed pipette systems, reagent reservoirs, high-quality microcentrifuge and PCR tubes, as well as a range of plates. Biotix also provides various services from assembly and kitting to custom engineering. Biotix is based in San Diego, California.
METTLER TOLEDO is a global manufacturer and marketer of precision instruments for use in laboratory, industrial and food retailing applications. The Company offers weighing, analytical and inspection solutions along its customers’ value chain to help them streamline processes, enhance productivity, reach compliance with regulatory requirements or optimize cost. In addition to a broad product offering, METTLER TOLEDO has one of the largest global sales and service organizations among precision instrument companies and manufacturing presence in Europe, the United States and China. METTLER TOLEDO is headquartered in Greifensee, Switzerland and has its Head Office for USA in Columbus, Ohio.
The transaction was completed September 1, 2017.
The principals of Delancey Street Partners have significant experience serving the Industrial & Industrial Technology industries. To learn about our experience in Industrial & Industrial Technology, please click here.
For additional information about this transaction, please contact: