Two privately held specialty chemical firms that provide high-purity materials and services for chemical applications, from renewable energy to food and beverages and consumer safety, are combining their capabilities to serve new and expanding precision markets.
Virginia-based IV Labs Inc., the parent company of Inorganic Ventures, has acquired PURE Analytical Laboratories of Feasterville, Bucks County. Terms of the transaction were not disclosed.
All 100+ employees of both Inorganic Ventures and PURE Analytical Laboratories will be retained at their current locations.
PURE, one of the few companies that produces ultra-high purity formulations of most of the metals on the periodic table, will continue to operate from its existing headquarters in Feasterville and continue to serve its customers worldwide as a subsidiary of IV Labs, of Christiansburg, Va.
The laboratories’ combination creates a unique platform for high-purity products, R&D and technical services for emerging technologies, including batteries for vehicles and other emerging markets.
Christopher Gaines, CEO of IV Labs and Inorganic Ventures, will lead the combined company. Erik Miller, founder and CEO of PURE, will become chief strategy officer of the expanded IV Labs family of companies and retain part ownership of PURE.
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