Cook Group Acquires Biotech Company

Medical device maker Cook Group has bought an Indianapolis company that specializes in cell and tissue processing and cryopreservation technologies.

Apr 10th, 2012

BLOOMINGTON, Ind. (AP) -- Medical-device maker Cook Group has bought an Indianapolis company that specializes in cell and tissue processing and cryopreservation technologies.

Bloomington-based Cook didn't disclose what it paid to acquire General BioTechnology, which also runs an umbilical cord blood and tissue bank for individuals and a reproductive tissue bank.

Cook Group vice president Neal Fearnot tells The Herald-Times (http://bit.ly/HxX3x5) that the acquisition will allow the some 20 employees of General BioTechnology to continue that work while utilizing Cook's resources and support. Cryopreservation is low-temperature storage of a living organism so it can later be revived and restored.

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