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ABC Labs

ABC Labs is going global.In September 2017, Eurofins Scientific, a Brussels-based firm announced the acquisition of EAG Inc., the firm that bought out ABC Labs in 2015.

In September 2017, Eurofins Scientific, a Brussels-based firm announced the acquisition of EAG Inc., the firm that bought out ABC Labs in 2015.

Eurofins has 30,000 employees and 375 sites in 41 countries, according to a Eurofins news release that announcing the acquisition.

ABC Labs was bought in 2015 by EAG Inc., a private, global scientific services firm headquartered in San Diego, California.

At that time, ABC Labs officials stated the company’s more than 400 employees would remain in Columbia, according to this July 9, 2015, article in the Columbia Daily Tribune.

How ABC Got Its Start

ABC Labs got its start in 1968, long before technology transfer was a buzzword or even a concept. It was begun by Charles W. Gehrke with David Stalling and Jim Ussary.

To start the company, the men approached friends, family members and colleagues. In six months, they’d raised $200,000 — $1.2 million in 2009 dollars —  a sum Stalling and Ussary credited mainly to Charles.

At first the staff consisted of one – Ussary, who hung curtains, repaired the roof or whatever else had to be done to keep the company going. Eventually Ussary would move on to take a position with another company. It wasn’t until 1995 that ABC Labs turned a profit.

Yet it wasn’t profit that Charles bragged about – it was how many people the company he founded employed, especially the number of University of Missouri graduates. Charles said more than one-third of ABC Lab workers had earned their degrees at MU. He pointed to information that showed the total salaries at ABC from 2004-2008 added $55.2 million to Columbia’s economy.

Not bad for a $200,000 investment from friends, family members and colleagues.

 

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