Hycor Will Acquire German Diagnostic Products Company
- Share via
IRVINE — Hycor Biomedical Inc. has agreed to acquire Melja Diagnostik GmbH, a diagnostic products company in Kassel, Germany, for an undisclosed amount of cash. Hycor, an Irvine medical products manufacturer, said it expects to complete the purchase next month.
The acquisition “provides Hycor an entry into the $40-million German allergy diagnostic market, the largest in Europe, and follows our strategy to expand our presence internationally,” said Richard D. Hamill, Hycor’s chairman, president and chief executive.
Melja Diagnostik, a privately held company founded in 1986, had 1992 sales of $2.1 million.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
