LGC. (3/3/21). "Press Release: LGC Acquires Paragon Scientific, Strengthening Its Position in Reference Materials". London.

	Organisation	LGC (Group)
	Product	reference materials / standards (analytics/diagnostics)
	Product 2	petrochemicals
	Person	Quigley, Julian (LGC Group 201910 Media Relations + Social Media Manager)

Today, LGC announced the acquisition of Paragon Scientific (Paragon), a leading manufacturer of reference materials for applied markets including the petroleum and petrochemical sectors.

The acquisition of Paragon strengthens LGC’s global reference material offering for applied markets and complements its existing product portfolio. The combination with Paragon provides improved access for customers to a wider portfolio of products via an extended commercial and distribution network and an enhanced R&D capability, which will facilitate the introduction of new products.

Jon Yeung, MD, LGC Standards said, “We are delighted to welcome Paragon to LGC, having known the company for many years. Our product portfolios are complementary, providing us with the capability to manufacture and supply a wider product range to our customers worldwide. Our teams both share a strong focus on quality in our products and in our customer service. I look forward to combining the expertise of our teams to deliver value to our customers.”

Jeff Morris, CEO at Paragon said, “I am delighted that Paragon is joining LGC. Having known LGC for a long period I am confident that there are great opportunities to provide further value to our customers through our shared capabilities.”

Founded in 1994, Paragon employs 22 people in the North West of England with two facilities located in Birkenhead and is accredited to ISO 17025 and ISO 17034.

Ends

www.lgcgroup.com

Notes for editors

About LGC

LGC is a global leader in the life science tools sector, providing mission critical components to customers across clinical diagnostics, pharmaceutical, research & government, food and other applied markets.

LGC provides a comprehensive range of specialty genomic analysis tools, measurement tools and supply chain assurance solutions, underpinned by leading analytical and measurement science capabilities. It holds a number of international roles, including the UK Government Chemist programme and serving as the UK National Measurement Laboratory and Designated Institute for chemical and bio measurement.

LGC's scientific tools and solutions form an essential part of its customers' quality assurance procedures and enable organisations to develop and commercialise new scientific products and advance research. Its 3,800 employees include internationally-recognised scientists who are experts in their field. Headquartered in London, LGC operates out of 17 countries worldwide and is extensively accredited to quality standards such as GMP, GLP, ISO 13485, ISO 17034, ISO 17043, ISO/IEC 17025 and ISO 9001.

LGC was founded in 1842. It has been privately-owned since 1996 and has diversified through internal investment and acquisitions to be an international leader in its chosen markets. LGC is now owned by funds affiliated to Cinven, Astorg and ADIA.

Media contact details

LGC
Julian Quigley
Media Relations & Social Media Manager
+44 (0)20 8943 8491
julian.quigley@lgcgroup.com

Record changed: 2023-06-05