LGC has announced the acquisition of Paragon Scientific, manufacturer of reference materials for applied markets including the petroleum and petrochemical sectors.
The acquisition aims to strengthen LGC’s global reference material offering for applied markets and complements its existing product portfolio. The combination with Paragon provides access for customers to a wider portfolio of products via an extended commercial network along with enhanced R&D capability to facilitate product introduction.
Jon Yeung, MD, LGC Standards said: “We are delighted to welcome Paragon to LGC, having known the company for many years. 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.”
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.”