StatLab Medical Products, the McKinney-based developer and manufacturer of medical diagnostic supplies and equipment, has acquired Poly Scientific R&D, a U.S. manufacturer and supplier of high-quality pathology stains, tissue controls, reagents, and paraffin for anatomic pathology laboratories.
StatLab said the acquisition expands its core manufacturing capabilities to include tissue controls, advancing the company’s position as a differentiated manufacturer of anatomic pathology consumables while growing its footprint in the market. No financial details were released.
StatLab said that brothers John and Joseph Caggiano founded Poly Scientific 54 years ago in Long Island, New York.
Today, Poly Scientific is run by John’s daughter, Denise Caggiano, and is recognized as a high-quality manufacturer of stains, reagents, and more in the anatomic pathology market.
“Our shared vision of delivering the highest quality products with a customer-centric approach makes the addition of Poly Scientific to the StatLab family of brands a natural fit. I look forward to partnering with Denise to build on the legacy the Caggiano family has established; our collaboration will strengthen the foundation already built through a commitment to manufacturing excellence, backed by the support and resources the StatLab organization can offer,” StatLab CEO Sung-Dae Hong said in a statement.
The acquisition also includes Histology Control Systems Inc., a division of Poly Scientific dedicated to the manufacturing and supply of tissue control slides, an essential product within the anatomic pathology workflow.
“Our decision to partner with StatLab was driven by our focus on our customers,” Denise Caggiano, director of Poly Scientific, said in a statement. Poly Scientific customers will have access to not only the current Poly Scientific products they know and trust through the same channels but will now also benefit from an expanded catalog of manufactured products, including cassettes and slides from StatLab.”
The deal benefits both companies, according to the release:
“The addition of control slide manufacturing capabilities furthers our goal of making all key products in the anatomic pathology workflow—with benefits for both StatLab and Poly Scientific customers,” StatLab Executive Chairman Joe Bernardo said in a statement. “Together, we will achieve greater growth and product access for customers.”
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