Kewaunee Scientific ( (KEQU) ) has shared an update.
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Kewaunee Scientific Corporation has acquired Nu Aire, Inc. for $55 million, expanding its capabilities in the laboratory and technical product market. This acquisition allows Kewaunee to integrate Nu Aire’s well-regarded product line, which includes biological safety cabinets and CO2 incubators, into its offerings. The deal, financed partially through a loan from PNC Bank, enhances Kewaunee’s market presence and provides new growth opportunities, especially in regions previously untapped by Kewaunee. This strategic move positions the company for continued growth in recession-resistant industries like healthcare and life sciences.
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