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| News
Release |
| Ownership
change for Lancaster Laboratories |
On
August 5, 2005, Fisher Scientific International Inc. (www.fisherscientific.com)
purchased Lancaster Laboratories from its previous owner,
private equity investment firm Goldner Hawn Johnson &
Morrison.
With this change, Lancaster Labs joins a publicly held company
that's been a world leader in serving science for more than
100 years. Clients may already be doing business with the
FORTUNE 500 company in other capacities. Fisher has a broad
range of outsourcing services for the pharmaceutical industry,
including contract manufacturing and pharmaceutical packaging
for clinical trials. Additionally, the company is a leading
provider of scientific instruments and laboratory equipment
to researchers and clinicians around the world. Most importantly,
Fisher understands the lab business and shares Lancaster
Labs' culture of quality and service excellence.
According to Dr. Wilson Hershey, Lancaster Labs' president,
the transition to new ownership has been totally transparent
for clients. The company operates as Lancaster Laboratories
Inc. as before, and the quality, technical leadership, and
services remain the same.
Going forward, Lancaster Labs will continue to provide analytical
services in pharmaceutical and environmental sciences. On
the pharmaceutical side, Fisher has expanded several of
its existing clinical-services facilities and completed
a number of acquisitions, including McKesson BioServices
(renamed Fisher BioServices) to enhance outsourcing services
for pharmaceutical and biotechnology customers. On the environmental
side, Fisher plans to grow environmental testing capabilities
at the Lancaster facility, building on Lancaster Labs' established
reputation in the area.
"Fisher's goal is to build the world's greatest resource
for products and services for the scientist and clinician,
and our laboratory services extend Fisher's suite of outsourced
pharmaceutical and environmental testing services,"
says Hershey. "We're delighted with our new owners
and pleased to be part of that future."
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