MilliporeSigma to acquire BDC Capital backed Natrix Separations

MilliporeSigma, the life science business of Merck KGaA, Darmstadt, Germany operating in US and Canada, has agreed to acquire Natrix Separations, a Burlington, Ontario based provider of hydrogel membrane products for single-use chromatography. Financial details were not disclosed. The transaction is expected to close in Q3 of 2017.

Founded in 2004 as Nysa Membrane Technologies, Natrix Separations is backed by BDC Caital, GrowthWorks Capital, D. E. Shaw Group, and Jovian Capital (acquired by Industrial Alliance Insurance and Financial Services Inc.) The company’s Series B round closed in 2007.

Natrix is known for its unique technology platform capable of delivering high productivity and impurity removal in a single-use format, an ideal fit with next generation processing. This acquisition complements MilliporeSigma’s efforts to drive next-generation bioprocessing, ultimately enabling faster, more efficient technology for customers.

“The Natrix technology platform, and the development options and capabilities that this brings for single-use and rapid cycling chromatography, will allow us to accelerate our offering in mAb and vaccine manufacturing,” said Udit Batra, CEO, MilliporeSigma. “This acquisition creates tremendous opportunity to drive growth and advancement in next-generation processing—an area of increasing importance to our customers.”

Natrix markets both an anion exchange membrane and cation exchange membrane. Natrix is developing additional products to enable a fully single-use, full-scale biological purification process.

“Joining MilliporeSigma gives us the opportunity to collaborate with some of the best minds in the industry, allowing us to further the great work done by our scientists,” says John Chickosky, CEO, Natrix Separations. “I am truly excited to become part of a larger effort and see the benefits of this combination in the advances we will make for our customers and the global scientific community.”

photo credit: Natrix Separations

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.