Entegris, Inc. (NASDAQ: ENTG), a developer of specialty chemicals and advanced materials solutions for the microelectronics industry, announced today that it acquired Flex Concepts, Inc., a technology company focused on bioprocessing single-use bags, and fluid transfer solutions for the life sciences industry. Flex Concepts’ quick-turn, custom-configured, single-use product technology is a complement to Entegris existing single-use bag product line. With this combination, Entegris is now able to provide customers with a comprehensive solution set to meet emerging bioprocessing requirements.
Regulatory-driven process and production changes to pharmaceutical products are bringing incredible advancements to this industry. However, these advancements often require organizations to have highly-customized process solutions that can be delivered with speed to meet tight development timelines. With the technology from Flex Concepts, Entegris is able to better equip its customers to deliver the next healthcare treatment or disease prevention tool with the speed and flexibility they need to succeed in the market.
“In the pharma development pipeline, the quicker a potential process is developed, the faster life-saving treatments can be made available to patients” says Eric Isberg director of Life Sciences, Entegris. “The addition of Flex Concepts capabilities will allow us to enrich our solutions set for fast growing single use bioprocessing applications.”
Neither the purchase price nor Flex Concepts financial results are material to Entegris overall financial statements.