In Massachusetts, Brooks Automation, Inc. announced it has acquired Cool Lab, LLC in exchange for a $5 million cash payment and a $9 million value non-cash consideration. Cool Lab, which made $5 million in sales over the last year, is a subsidiary of BioCision LLC. Cool Lab focuses on high tech storage and transportation solutions for cryogenics, biological samples and biomaterials, while BioCision focuses on standardized biomaterial sample handling. Brooks Automation, which began with automation and cryogenic products for the semiconductor industry and expanded into life sciences over the years, had been in partnership with BioCision since 2014 through an equity interest. Brooks Automation and BioCision have collaborated on several products over the years, some of which had been transferred into Cool Lab.
Latest article
Plant-based artificial Christmas trees set to launch this December
In California, artificial Christmas tree maker Balsam Brands will launch a new line of trees for 2025’s holiday season that use needles made of...
Artist Sam Shoemaker takes mushroom kayak on twelve-hour journey
In California, an artist and “mycologist” has crossed 26 miles of ocean in a kayak made of mycelium, the root system of mushrooms.
Sam...
Canadian funeral group becomes first to offer Loop’s mycelium coffins and urns
In Canada, Mount Pleasant Group’s Meadowvale Cemetery, Funeral and Cremation Centres have become the first in Canada to offer the Loop Living Cocoon and...