MP Biomedicals Sold to Chinese Firm

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A publicly held company, Valiant is a subsidiary of China Energy Conservation and Environmental Protection, a state-owned enterprise. Earlier this year, MS firm Advion was acquired by Chinese firm Bohui (see IBO 6/15/15).

Irvine, CA 10/26/15—The Orange County Business Journal reported that MP Biomedicals has been sold to Chinese chemical firm Valiant, a supplier of liquid crystal materials, pharmaceutical intermediates and photoelectronic chemicals, for around $134 million. MP Biomedicals is a provider of life science and diagnostic lab products, including life science consumables and lab chemicals. MP Chemicals did not return IBO’s call seeking comment.

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