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.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLFS:
- BioLife Solutions price target raised to $32 from $30 at Craig-Hallum
- BioLife Solutions price target raised to $30 from $28 at Lake Street
- BioLife Solutions price target raised to $31 from $28 at TD Cowen
- BioLife Solutions Reports Strong Q3 2024 Results
- BioLife Solutions lowers FY24 revenue view to $98.0M-$100.0M from $99.0M-$101.0M