BioLife Solutions (BLFS) announces the sale of its final wholly owned freezer subsidiary, Arctic Solutions, for $6.1M in cash. “We have now completed the divestiture of all our freezer and related businesses, which began with the sale of Global Cooling in April. The sale of CBS aligns with our strategic refocus on our proprietary, higher-margin, recurring-revenue cell processing products, and away from our capital equipment freezer and storage businesses that previously included Stirling, SciSafe and CBS,” commented Roderick de Greef, Chairman and CEO of BioLife Solutions.
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