The transaction is expected to close in Q3 2021, subject to regulatory approval. The sale to Eurofins is a testament to the high-quality platform that management have built with our support and this transaction provides a natural home for the business in the next stage of its development.” DDC has evolved from a niche player in paternity testing to a diversified global leader in consumer-focused DNA tests. The Partners at GHO Capital commented: “We’d like to thank Scott and his team for everything they have achieved in our partnership. DDC is well placed to accelerate further and we look forward to partnering with Eurofins to bring more products to our consumer and distributor channels.” We’re excited to continue that growth trajectory, recognizing the value created in our trusted brands, our considerable operational efficiencies and an innovative new product pipeline. Scott Cramer, President and CEO, DDC commented: “With GHO’s support, we are proud of the consistent and consecutive year on year growth DDC has achieved. DDC will significantly benefit from the tremendous resources, expertise and expanded global reach of Eurofins – leveraging their scientific bench to bring new products to our customers. This transaction will further the market-leading position of Eurofins by expanding its reach into the consumer genetics and health and wellness markets.
Ddc dna diagnostics center ohio series#
A series of four add-on acquisitions saw DDC further penetrate European markets as well as diversify its product offering into medically led consumer testing, home healthcare and fertility. Significant investment was made in the operating infrastructure of the business to build an organization established in delivering consistent year on year growth. In partnership with GHO, DDC experienced strong growth both organically and through strategic acquisitions. The Company, with approximately 240 employees, will continue to operate from its existing Fairfield, OH facility. In response to the global pandemic, DDC demonstrated its strength and resilience through new product launches and partnerships, with revenue increasing in excess of $55M in 2021.
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