Rockland Immunochemicals, Inc. announces acquisition of antibodies-online GmbH and investment from BroadOak Capital
Rockland acquires antibodies-online to expand its capabilities and reach to serve scientists engaged in delivery of complex therapies and critical diagnostics
Jim Fendrick, President and CEO of Rockland commented: "The discovery and delivery to market of tomorrow's biologic, cell, gene, and RNA therapies, diagnostics, and vaccines requires rigor and a keen dedication to the quality of each element of the ecosystem that supports the research, development, approval, and production of our customers' products. Adding antibodies-online's talents and capabilities brings both scale and supply chain stability to our offering. Our customers will have access to our depth of antibody and assay expertise across a broader spectrum of disease targets to assure that their products are safe, sustainable, and achieve market access."
Tim Hiddemann, co-founder and Managing Director of antibodies-online, said: "We are excited about the opportunity to join the Rockland group and provide our customers with in-depth subject matter expertise that will advance meaningful scientific discovery and provide additional assurance in the quality of our customers' work and products. Our ability to curate vast data sets and present them cogently on our platform is critical as new complex therapies and supporting scientific work are reliant on antibody technology to demonstrate target identification, purity, and potency. Together, with Rockland, we deliver more value to discerning customers who demand quality delivered with consistency.”
Bill Snider, Partner at BroadOak Capital Partners commented: "We are delighted to extend our long-term partnership with Rockland to include financing that supports its acquisition of antibodies-online; a former BroadOak portfolio company. Rockland is a highly respected and innovative business that has seen significant recent growth. Increasing its reach and leveraging its core assets was an opportunity that we are thrilled to support. Customers of both companies will undoubtedly reap the benefits of the combination."
About Rockland Immunochemicals, Inc.
Established in 1962, Rockland is a global biotechnology company manufacturing leading-edge tools for basic, applied, and clinical research for academic, biopharma, diagnostic , and agbio industries. Rockland is a privately held company, operating manufacturing facilities with antibody and protein production capabilities near Philadelphia, Pennsylvania, USA. Learn more about Rockland at www.rockland.com.
About antibodies-online GmbH
antibodies-online is a global e-commerce, life science company serving the most exacting scientists and companies to advance scientific achievements important to the health and welfare of people around the world. Since its founding in Aachen, Germany, in 2006, antibodies-online is dedicated to the delivery of the best products available for every demanding project. Learn more about antibodies-online at www.antibodies-online.com.
About BroadOak Capital Partners, LLC
BroadOak Capital Partners, with headquarters in Washington, DC, and San Francisco, is a life-sciences focused boutique financial institution that provides direct investment and investment banking services to companies in research tools and consumables, diagnostics, biopharma services, and adjacent markets. BroadOak has led or participated in investments in more than fifty companies across multiple funds and investment vehicles. Learn more about BroadOak at www.broadoak.com.
Allison Van Camp
Rockland Immunochemicals, Inc.
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