Two firms act on the acquisition of Plastlabor by Solabia Group

Souto Correa Advogados advised Solabia Group on the acquisition of 100% of the equity interest in Plastlabor, which was advised by Madrona Fialho Advogados.

This transaction is part of Solabia’s strategy to strengthen its position in the diagnostic market in Brazil.

Based in Rio de Janeiro, Plastlabor is a strong player in the Brazilian diagnostic market offering a wide range of products and solutions (including media culture and detection kits) to an extensive customer portfolio in the clinical, pharmaceutical and food markets. Solabia is a worldwide recognized player in the diagnostic market with a presence in Brazil through its local subsidiary, Laborclin.

By combining Plastlabor with Laborclin, Solabia has the ambition to create a leading player on the Latin American market. The companies have complementary product and customer portfolios, as well as matching skills and operational capabilities.

The combined entity will be able to serve better its customers, with a broader range of products covering various needs in diagnostic testing. It will benefit from stronger R&D capabilities, including the skills and capabilities of Solabia Biokar, as well as more robust manufacturing footprint and operations.

The deal value was not disclosed.

Souto Correa Advogados advised Solabia Group and relied on partners João Gustavo Santiago and Anderson Ribeiro (pictured top from left to right) and associates Matheus Montecasciano and Amanda Baldacone.

Madrona Fialho Advogados advised Plast Labor Indústria e Comércio de Equipamentos Hospitalar e Laboratório and relied on partners Danilo Mininel and Lidia Rossi (pictured bottom from left to right) and associate Lucas Grilli Bastos and João Vítor Monteiro.