PerkinElmer to sell off non-life sciences businesses, adopt new name

After a streak of multi-million acquisitions last year, Waltham's PerkinElmer Inc. is splitting into two separate businesses, with plans to keep its focus on what it calls the "high growth" areas of life sciences and diagnostics.

The life sciences giant (NYSE: PKI) said on Monday it plans to unload its Applied, Food and Enterprise Services businesses to New York City-based New Mountain Capital for $2.45 billion in cash. As of July 3, the company said it had $361 million in cash.

The package of…

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