Sartorius Stedim: A Pure-play Pick-and-Shovel in Biotech
Disclosure: I own Preference Shares of Sartorius AG
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In 1870, Florenz Sartorius, at the age of 24, founded Sartorius which was primarily a manufacturer of analytical balances in Germany. By late 1800s, in addition to balances, Sartorius expanded its operations to incubators