LGC Acquires Paragon Scientific
On Tuesday, 03 March 2021, Paragon Scientific was acquired by LGC. This acquisition by LGC allows us to bring our customers access to a large portfolio of reference materials.
The combination of Paragon with LGC strengthens the global reference mateial offering for applied markets for both businesses through our existing complementary product portfolios. It not only provides improved access for our customers to a wider portfolio of products, but also an extended commercial and distribution network and an enhanced R&D capability, which will facilitate the introduction of new products.
Jeff Morris, CEO at Paragon, said, “I am delighted that Paragon is joining LGC. Having known LGC for a long period I am confident that there are great opportunities to provide further value to our customers through our shared capabilities.”
"We are delighted to welcome Paragon to LGC, having known the company for many years,” said LGC Standards MD Jon Yeung. “Our product portfolios are complementary, providing us with the capability to manufacture and supply a wider product range to our customers worldwide. Our teams both share a strong focus on quality in our products and in our customer service. I look forward to combining the expertise of our teams to deliver value to our customers.”
Paragon will still be operating from both sites, will retain its people, and all transactions and processes will remain business as usual.
See the official press release announcing the LGC acquisition to learn more and, if you have any questions, please do not hesitate to contact us.