December 11, 2019
St. Louis, MO – Metro Business Advisors, LLC is pleased to announce that Microbe Inotech Laboratories, Inc. (MiL) has become Pluton MiL, LLC, a division of Pluton Biosciences, LLC.
Business broker Metro Business Advisors was retained to facilitate a succession plan for Dr. Bruce Hemming, founder and CEO of Microbe Inotech Laboratories. The acquisition brings together important resources to expand and innovate within the microbiology and biotech sectors. MiL’s extensive testing capabilities and expertise provide a foundation for Pluton to accelerate research and discovery.
“Bringing these companies together in such a mutually-beneficial relationship with the potential for far-reaching scientific advances is rewarding, and it’s also been quite educational,” stated Dave Driscoll, Metro Business Advisors president.
Microbe Inotech Laboratories, Inc. (MiL) is a full-service microbiological lab located in St. Louis, performing research and development, as well as microbial and biochemical analysis on a service and contract basis. The lab specializes in microbial diagnostic research and assisting in the development of product solutions. MiL comprises six distinct laboratory sectors: environmental, food safety, industrial, pharmaceutical, plant science, and governmental.
Pluton Biosciences, LLC, also headquartered in St. Louis, aspires to solve global problems and help ensure a sustainable future for our planet, utilizing an industry-disrupting Micromining® platform. The platform focuses on “mining” microbes to quickly and inexpensively discover new ways to use bacteria, fungi, and viruses to make next-generation products for the pesticide, agriculture, pharma, and bioremediation industries.
“The MiL is the perfect platform for discovery,” stated Dr. Hemming, founder of MiL. Hemming will serve as a consultant for the newly formed Pluton MiL. The MiL’s microbiologists have accepted positions to continue their work as part of Pluton MiL, since testing services will continue. Dr.
Hemming’s interests in the Helix Center Core Laboratory and Microbe Scan LLC will provide separate consulting and expert witness services going forward.
“We are energized and now positioned to escalate our efforts to find microbial solutions,” explained Charlie Walch, Pluton CEO. “Pluton’s scientists isolate microbes to determine their unique modes of
action, then use those naturally occurring processes to produce the desired outcome. The discovery driven by Pluton MiL will further scientific knowledge and enhance lives throughout the world.”
“The discovery driven by Pluton MiL”, added Dr. Barry Goldman, Pluton CSO, “will be enhanced by the excellence in microbiology established at the MiL and will more quickly drive our products to market.”
Metro Business Advisors is a mergers & acquisitions business broker, business valuation and exit/succession planning firm helping owners of companies with revenue up to $20 million sell their most valuable asset. Reach us at firstname.lastname@example.org or (314) 303-5600 to find out how we can help you achieve your Life Beyond Business.TM Visit our website www.MetroBusinessAdvisors.com and blog site www.angelconsultinggroup.com for valuable
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