Kewaunee Scientific Corporation (“Kewaunee”), a leader in laboratory furniture and technical product design and manufacturing, announces the successful acquisition of Nu Aire, a Minneapolis-based company, for $55 million, subject to certain adjustments for debt, cash, transaction expenses, and net working capital. Nu Aire is renowned for its manufacturing of biological safety cabinets, airflow products, CO2 incubators, ultralow freezers, animal handling equipment, pharmacy compounding isolators, and related parts and accessories.
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Source: https://www.prnewswire.com/news-releases/kewaunee-scientific-corporation-completes-acquisition-of-nu-aire-302294066.html