EaglePicher Sells Scientific Products Business Unit to EP Scientific Products LLC
28 April 2004 - 7:25PM
PR Newswire (US)
EaglePicher Sells Scientific Products Business Unit to EP
Scientific Products LLC PHOENIX, April 28 /PRNewswire/ --
EaglePicher Incorporated announced that its subsidiary EaglePicher
Technologies, LLC has sold its Scientific Products business unit to
EP Scientific Products LLC, a subsidiary of Apogent Technologies
Inc. , for approximately $23 million. The Scientific Products
business, located in Miami, Okla., is a leading global supplier of
ultra-clean glassware, plasticware and cleaning and treating
services for containers used in the pharmaceutical/biotechnology,
semiconductor and environmental industries. "This sale is part of
EaglePicher Technologies' strategy to focus on its core
businesses," said Louis Lupo, vice president and general manager of
EaglePicher Defense and Space Power and Specialty Materials
businesses. "Scientific Products is an excellent fit for EP
Scientific Products and Apogent, whose Research Group is a leading
provider of reusable and disposable plastic and glass products used
in general research applications." Brookwood Associates, LLC, a
leading privately-held investment banking firm focused on
middle-market mergers, acquisitions and financing transactions,
served as exclusive advisor to EaglePicher Technologies, LLC on
this divestiture. Brookwood's advisory team was led by Thomas L.
Temple, a Managing Director in the firm's Charlotte, N.C. office.
EaglePicher Technologies, LLC, a wholly owned subsidiary of
EaglePicher Incorporated, has facilities in Arizona, Missouri,
Oklahoma, Kansas and Canada. The operating group develops and
markets advanced high-reliability power systems and associated
electronics for government, space and commercial applications. It
also processes Boron isotopes and anticancer pharmaceutical
ingredients. Areas of global focus include telecommunications,
medical, nuclear power plants, space, defense, environmental,
semiconductors and pharmaceutical/biotech. Additional information
is available on the Internet at http://www.eaglepicher.com/.
EaglePicher Incorporated, founded in 1843 and headquartered in
Phoenix, Arizona, is a diversified manufacturer and marketer of
innovative, advanced technology and industrial products and
services for space, defense, environmental, automotive, medical,
filtration, pharmaceutical, nuclear power, semiconductor and
commercial applications worldwide. The company has 4,000 employees
and operates more than 30 plants in the United States, Canada,
Mexico, the U.K. and Germany. Additional information on the company
is available on the Internet at http://www.eaglepicher.com/. This
release contains statements which, to the extent that they are not
recitations of historical fact, constitute "forward-looking
statements" within the meaning of Section 21E of the Securities
Exchange Act of 1934. These include any statements about future
business operations, financial performance or market conditions.
Such forward-looking information involves risks and uncertainties
that could cause actual results to differ materially. These risks
and uncertainties are discussed in EaglePicher Holding's filings
with the U.S. Securities and Exchange Commission. EaglePicher(TM)
is a trademark of EaglePicher Incorporated. DATASOURCE: EaglePicher
Incorporated CONTACT: Lou Lupo of EaglePicher, +1-417-623-8000 Web
site: http://www.eaglepicher.com/
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