StatLab, a Cressey & Company LP portfolio company, has acquired American MasterTech Scientific Inc. Financial terms weren’t announced. American MasterTech, of Lodi, California, makes and distributes specialty laboratory products, including stains and special stains used by pathologists and laboratories to diagnose cancer.
McKinney, TX, November 28, 2017 – StatLab, a leading developer and manufacturer of diagnostic supplies for the anatomic pathology laboratory industry, announced today that it has acquired Lodi, California-based American MasterTech Scientific, Inc. Founded in 1979, American MasterTech is a leading manufacturer and distributor of specialty laboratory products, including stains and special stains used by pathologists and laboratories world-wide to diagnose cancer.
“We are very pleased to have American MasterTech join StatLab,” said StatLab CEO Dan Eckert. “We believe that bringing together our high quality brands and products, exceptional customer service, as well as the collective experience and expertise of our teams, puts us in a strong position to deliver unique value to our combined 5,000 customers.”
Eckert added: “The combination of American MasterTech’s portfolio of high quality stains and other laboratory products with StatLab’s extensive product portfolio and sales and distribution capabilities accelerates our ability to achieve our vision of being the partner of choice for anatomic pathology laboratories.”
CEO of American MasterTech, Brandon Jones, said: “For 38 years, American MasterTech has continually strived to put relationships, service, and quality first in taking care of our customers. With StatLab, we found a partner that not only shares our commitment to these principles, but also believes like we do that there can be no end to the pursuit of continuous improvement.”
Jones added: “We are eager to work together to bring even greater service, faster delivery, and cutting edge products to our family of customers.”
StatLab will operate American MasterTech as a wholly owned subsidiary out of its existing manufacturing facility in Lodi, CA, while providing future opportunities for customers to seamlessly access products from both companies.
“We are pleased to support the next phase of StatLab’s growth strategy and are excited about StatLab’s future with the addition of American MasterTech,” said Dave Rogero, a Partner at Cressey & Company, which has a majority ownership position in the newly combined StatLab.
Founded in 1976, StatLab Medical Products is a leading developer and manufacturer of cost- effective histology, cytology and immunohistochemistry diagnostic supplies. StatLab offers 1,750 of the most commonly purchased diagnostic supplies used by independent and hospital-based anatomic pathology laboratories. Over 3,000 anatomic pathology laboratories across the United States rely on StatLab to satisfy their diagnostic supply requirements. More information can be found at statlab.com.
About American MasterTech
Founded in 1979, American MasterTech Scientific, Inc. is a leading manufacturer and distributor of a broad range of laboratory products for anatomic pathology laboratories, hospitals and other specialty laboratories and distributors world-wide. While American MasterTech serves all scientific disciplines, it primarily focuses on serving the fields of Biology, Cytopathology (Cytology), Histotechnology (Histology), Pathology, and Immunohistochemistry (IHC). For more information, visit americanmastertech.com.
About Cressey & Company LP
Based in Chicago, IL and Nashville, TN, Cressey & Company LP is a private investment firm focused on building leading healthcare provider, service, distribution and information technology businesses. With a history spanning over 35 years, the Cressey & Company team is one of the most experienced and successful in the healthcare private equity field. For more information, visit cresseyco.com.