15 Feb 2005
Lionville, Pennysylvania)--West Pharmaceutical Services Inc. has acquired testing services provider Monarch Analytical Laboratories Inc. to enhance and expand capabilities for its customers.
West is acquiring all of the outstanding stock of Monarch Analytical Laboratories in exchange for cash, assumed liabilities and West shares totaling $5.6 million, the Lionville-based medical components manufacturer announced Feb. 14. Monarch, based in Maumee, Ohio, outside of Toledo, had sales of about $3 million in 2004, West said.
Both Monarch's Ohio facility and West's laboratory services in Lionville will continue operations and will be combined under the name West Monarch Analytical Laboratories. West plans to retain the majority of Monarch's 20 employees.
Press release from West Pharma
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