McKinney-based StatLab Medical Products, a developer and maker of medical diagnostic supplies and equipment, has agreed to buy Germany-based Waldemar Knittel Glasbearbeitungs GmbH, a leading manufacturer of microscope slides and cover glass and a provider of engineering consulting services to the broader glass manufacturing industry.
“Since 2021, StatLab has made significant investments to expand manufacturing capabilities and capacity, enhancing our ability to serve customers and transform our business. The addition of Knittel’s slide and cover glass offerings to StatLab’s product portfolio is an integral part of our strategy to become a differentiated leader,” StatLab Executive Chairman Joe Bernardo said in a statement.
The transaction is expected to close during the fourth quarter. No financial details of the deal were released.
Knittel CEO Fabio Insalata will join the StatLab management team and continue to lead the Knittel business as managing director.
StatLab said the combination adds self-manufacturing capabilities for key slide and cover glass products to StatLab’s existing product portfolio and expands the global presence of the combined business with two additional locations in Germany.
Setting standards for industry with robotic automation
Established in 1987 by entrepreneurial founder Waldemar Knittel in Braunschweig, Germany, Knittel is under the management of his daughter, Anika, and Insalata, her husband.
StatLab said that Knittel is recognized as a leader in high-quality German glass products for anatomic pathology evaluations, including its flagship StarFrost slide brand.
Under Insalata’s leadership, Knittel prides itself on its attentive collaboration with customers and commitment to quality through innovation.
Additionally, StatLab said that Knittel’s engineering consulting division has set new standards not only in its own operations, but for the entire glass industry via the application of innovative robotic automation to increase operational efficiency and quality.
StatLab said that in conjunction with the deal, Knittel will undertake planned investments in expanding its manufacturing capacity to better service its customers in the U.S. and Europe.
“I look forward to collaborating with Fabio and the Knittel team to build on the legacy the Knittel family has established over two generations, together transforming the anatomic pathology industry,” StatLab CEO Sung-Dae Hong said in a statement.
“Our decision to partner with StatLab represents a shared vision of rapid operational innovation, and we’re excited to invest into our team and operations here in Germany as well as collaborate with our U.S. counterparts,” Insalata said in a statement. “I look forward to working with Dae, Joe, and the StatLab team to expand our footprint and increase our manufacturing capacity, delivering more value to our customers as a result.”
Founded in 1976, StatLab has manufacturing sites in England, Wales, and the U.S. to support its goal of providing the most stable supply chain of high-quality products for laboratories around the world.
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