MINNEAPOLIS (June 14, 2022)—Donaldson Company, Inc. (NYSE: DCI), a leading worldwide provider of innovative filtration products and solutions, today announced the acquisition of Purilogics, LLC (Purilogics). Purilogics is an early-stage biotechnology company that leverages a novel technology platform for the development of best-in-class membrane chromatography products. The company offers a broad portfolio of purification tools for a wide range of biologics, including mRNA, plasmid DNA, viral particles, monoclonal antibodies, and proteins. Purilogics’ proprietary formulations and processes create membranes that have significant competitive advantages, enabling faster and more cost-effective production of increasingly complex biologic drugs.
"We are excited about the value Purilogics brings to the Donaldson life sciences portfolio through its novel and differentiated products," said Tod Carpenter, chairman, president, and chief executive officer of Donaldson. "Our membrane technology expertise, and global sales and manufacturing footprint, will enable faster development and commercialization of these powerful tools for biologics purification."
"Being a part of Donaldson will provide Purilogics with the global scale and financial flexibility needed to achieve our founding vision – to accelerate the speed of early-stage biologics drug development and improve production efficiency."
Jinxiang Zhou, Ph.D., Co-Founder and Vice President of Purilogics.
Founded in 2013 by Jinxiang Zhou, Ph.D. and Scott Husson, Ph.D., Purilogics is headquartered in Greenville, South Carolina. Donaldson acquired Purilogics for an initial purchase price of approximately $20 million as well as milestone-based earnout payments over the next five years. Once commercialized, revenue from Purilogics’ products will be reported within the Donaldson Industrial Filtration Solutions business in the Industrial Products segment.
Purilogics was advised in the transaction by Klaus Binder and John Chickosky of Binder Associates, GmbH.
