ABEC to Acquire Kells Stainless Ltd. to Further Expand Global Manufacturing Capacity

Bethlehem, PA USA and Kells, Co. Meath, Ireland – May 14, 2015 ABEC today announced the signing of a definitive agreement to acquire the assets of Kells Stainless Ltd., a leading supplier of process vessels and related equipment to the biopharmaceutical industry. This acquisition will further support ABEC’s global operations and growing customer base in Ireland and Europe. Earlier this year, ABEC announced the opening of their European Headquarters and Manufacturing Centre in Fermoy, Co. Cork, which is expected to be operational in June 2015. Kells Stainless has been in operation for over 27 years, and serves  both  domestic  and  international   customers   from its facility in Co.  Meath.  The  acquisition  enables  ABEC to dedicate its 8,000m2 of new  manufacturing  space  in Fermoy entirely to bioprocess systems assembly and  test, and further increases ABEC’s industry-leading capacity dedicated   to   biopharmaceutical   manufacturing   equipment. ABEC President and CEO Scott Pickering said, “Kells Stainless has an excellent reputation in the industry for  quality, integrity, and credibility, which are key core values for ABEC. Their experience and capabilities will be an asset to our global operations, and we are excited they are joining the ABEC team. About ABEC Inc. Since 1974, ABEC has been a leader in delivering integrated process solutions for manufacturing in the biopharmaceutical industry. Many of today’s leading antibody, vaccine, and recombinant protein therapies are manufactured by processes and equipment engineered, manufactured, installed and serviced by ABEC, and a majority of the world’s pharmaceutical and biotech companies are ABEC customers. ABEC’s unique value is based on long experience, complete in-house capabilities, a custom, flexible approach, and long-term credibility. Whether building new capacity or improving existing facilities, ABEC’s turn-key solutions reduce overall cost and time to market while delivering maximum productivity. For more information contact: Emily Smith, Marketing Coordinator, ABEC esmith@abec.com , +1 (610) 861-4666