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Home Industry News Leica buys Coretech Holdings

Leica buys Coretech Holdings

22nd May 2008

Leica Microsystems has announced its takeover of an instruments and consumables firm in a bid to expand its position as market leader in histopathology.

The company has acquired the assets of Missouri-based Coretech Holdings and its associated brands.

According to the firm, Coretech provides an extensive range of systems, instruments, reagents and consumables for clinical and research histology laboratories and comprises a number of brands including McCormick Scientific, the Vibratome Company and Paraplast.

Doug Martin, formerly chief executive of Coretech Holdings, said: "The synergies created by combining the Coretech products and team with those of Leica Microsystems are considerable.

"Both companies will quickly leverage an improved product offering for our customers and expand our ability to service the needs of our customers."

Welcoming the acquisition, Leica’s president Anne De Greef-Safft claimed it would broaden and strengthen the firm’s product line.

Leica Microsystems designs and produces high-tech precision optics systems for the analysis of microstructures.

It consists of nine manufacturing facilities which service companies in more than 20 worldwide locations.

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