EAG, Inc. (Evans Analytical Group), a fully integrated, independent laboratory network, providing analytical and testing services to a broad base of customers in the agrochemical and pharmaceutical industries, announced that it has acquired Analytical Bio-Chemistry Laboratories, Inc., of Columbia, Missouri (“ABC Laboratories”). EAG is a private company, majority owned by Odyssey Investment Partners, LLC. Financial terms of the transaction were not disclosed.
ABC is a Contract Research Organization providing product development and analytical testing services for the Agrochemical and Pharma/Biopharma markets. The company offers a complete range of agricultural product development and GLP-compliant environmental testing services for the Agrochemical industry through its Environmental Services division, as well as a comprehensive suite of development and CGMP and GLP-compliant testing capabilities for small and large molecule therapies and medical devices through its Pharmaceutical Services division.
Over the last three years, the ChemEco division of EAG has become a global provider of analytical and testing services for its clients in agrochemicals, pharmaceuticals and industrial chemicals markets. With the ever-increasing pace of new regulations implemented to safeguard our food and environment around the world, the US EPA and its global counterparts expect a set of comprehensive scientific studies before a chemical is registered for broad use. The acquisition of ABC strengthens EAG’s existing laboratories in the US and Europe and further enhances its leadership in this market of growing importance.
Siddhartha Kadia, Ph.D., CEO of EAG, comments, “ABC has built a very strong reputation with both agrochemical and pharmaceutical clients, and is a strong complementary fit with our business. As government regulations continue to evolve, our clients seek partners with broad capabilities to provide a full suite of laboratory testing services. The combination of the EAG ChemEco and ABC businesses will provide an unparalleled capacity for scientific studies in biology and chemistry, and specifically in analytical chemistry, residue analysis, avian and aquatic ecotoxicology studies, plant metabolism testing, and environmental fate studies. In addition, ABC enables us to enter the small and large molecule pharmaceutical contract research business, one of the most dynamic and largest end markets in analytical laboratory testing. We look forward to welcoming our new colleagues at ABC to EAG.”