Market Overview

EAG Acquires SEAL Labs, a Leading Metallurgical Analysis Laboratory

SANTA CLARA, Calif.--(BUSINESS WIRE)--

Evans Analytical Group, Inc. (EAG), the world's leading, fully integrated, independent laboratory network, providing high value expert analytical and testing services to a wide range of industries and end users, announced that it has acquired Scanning Electron Analysis Laboratories, Inc. (dba SEAL Laboratories). SEAL will be operating as a business unit within the EAG Materials Characterization (MC) division. Financial terms of the transaction were not disclosed.

SEAL has a long history in Metallurgy, Destructive Physical Analysis (DPA), SEM, Residual Gas Analysis (RGA), and surface analysis. SEAL has extensive expertise in metals, alloys, composites, glass and plastics, and assists leading corporations and legal firms around the world in analyzing product failures. Clients of SEAL have relied on the Company's expertise for more than 40 years. The work conducted at SEAL is highly specialized and the team has extensive experience in metallurgy and chemistry, often working as consultants and expert witnesses for litigation support.

As litigation for commercial and consumer products continues to surge, companies often require more detailed information on material behavior during various stages of the product lifecycle. SEAL has established itself as a premier laboratory in assisting companies to better understand metals, alloys and other materials. Clients include law firms and leading companies in the defense, aerospace, consumer products, industrial products, electronics and medical device sectors.

Harry Davoody, CEO of EAG, states, "Both SEAL and EAG value customer relationships first and foremost. The acquisition of SEAL is very compelling to EAG and fits into the growth strategy of EAG's MC division, to be able to offer metallurgical and expanded failure analysis offerings to both new and existing customers. SEAL further enhances EAG's leadership as the best-in-class subject matter expert in materials characterization, which is highly valued by our customers. SEAL is a strategic acquisition for EAG to strengthen our position, and to increase the suite of offerings from our MC division."

Dr. Patricia Lindley, EVP of EAG's MC division, affirmed that "SEAL brings a wealth of experience and expertise in the metallurgical, DPA and RGA areas which are highly valued by SEAL's customers and offer EAG's customers a broader range of services. We are excited about the prospects of jointly marketing our combined suite of services to all of our customers. SEAL's 40 year outstanding reputation also adds to EAG's long heritage as a leading international scientific testing house."

Dr. Arun Kumar, President of SEAL, is pleased to become part of an organization as well-regarded as EAG. "This merger is very important to SEAL, providing us with additional resources from a solid, long-standing company which supports our efforts to continue to grow our lab and offer expanded capabilities to our valued customers and also through EAG's global network."

About Evans Analytical Group

EAG is the world's leading, fully integrated, independent laboratory network. EAG's Materials Characterization Division provides high value analytical services focused on surface analysis and materials characterization in support of high technology industries. The Company's Release to Production Division provides expert engineering service and support from chip tape-out to volume production in support of the electronics industry. EAG AgroSciences provides analytical chemistry, environmental fate and metabolism services for agrochemicals. EAG Life Sciences provides regulated analytical and research/development services to the pharmaceutical and medical device industries. EAG has an international network of laboratories and serves more than 5,500 customers worldwide. (www.eaglabs.com)

EAG is majority owned by Odyssey Investment Partners, LLC, a leading private equity firm with more than $2 billion in capital under management. Odyssey makes majority, control investments primarily in established middle-market industrial manufacturing and business services companies in a variety of industries. Further information regarding Odyssey Investment Partners can be found at www.odysseyinvestment.com.

About SEAL Laboratories

SEAL Laboratories is a leading analytical laboratory, headquartered in the Los Angeles area, serving the defense, aerospace, consumer products, industrial products, electronics and medical devices industries. SEAL provides metallurgical failure analysis, DPA and RGA to assist in detailed technical analyses. Further information can be found at www.seallabs.com.

SEAL Labs
Arun Kumar, Ph.D.
310-322-2011
akumar@seallabs.com
Thomas Tan
310-322-2011
ttan@seallabs.com
or
Evans Analytical Group
Pat Lindley, Ph.D.
408-530-3712
plindley@eaglabs.com

 

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