StatLab Medical Products has signed a definitive agreement to purchase Waldemar Knittel Glasbearbeitungs, a German manufacturer of microscope slides and cover glass and provider of engineering consulting services to the broader glass manufacturing industry.
This business 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.
Established in 1987 in Braunschweig, Germany, Knittel is recognised as a leader in glass products for anatomic pathology evaluations, including its flagship StarFrost slide brand. Knittel’s engineering consulting division has set new standards not only in its own operations, but for the entire glass industry through the application of robotic automation to increase operational efficiency and quality. In conjunction with the transaction, Knittel will undertake planned investments in expanding its manufacturing capacity to better service its customers in the US and Europe.
“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,” said Joe Bernardo, Executive Chairman of StatLab.
The transaction is expected to close during the fourth quarter of 2023, subject to regulatory approvals. Knittel CEO Fabio Insalata will join the StatLab management team and continue to lead the business as Managing Director.