Millrock Technology, Inc.
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Millrock Technology, Inc. - overview
Established
2004
Location
Kingston, NY, US
Primary Industry
Pharmaceuticals
About
Millrock Technology, Inc. is a US-based provider of advanced freeze drying solutions, offering innovative equipment designed for the pharmaceutical, biotechnology, and life sciences sectors. Founded in 2004 in Kingston, US, Millrock Technology, Inc. specializes in freeze drying technology.
The company was involved in a significant acquisition by Artemis on September 30, 2025, which aimed to enhance its growth and innovation. Millrock has successfully executed one deal in its history. Millrock Technology, Inc. specializes in advanced freeze drying solutions, primarily offering a range of freeze dryers and lyophilizers designed for applications across pharmaceutical, biotechnology, diagnostics, and life sciences sectors.
Their core product offerings include various models such as the MicroFD® Small Research Freeze Dryer, STELLAR® Laboratory Freeze Dryer, and Quanta™ Production Freeze Dryer, designed to improve yield, reduce cycle time, and mitigate processing risks. These products serve customers in laboratories and commercial-scale operations, primarily in North America and Europe. Millrock Technology engages in B2B transactions, directly selling its freeze dryers and associated services to pharmaceutical companies, biotech firms, and research institutions. Revenue is generated through the sale of equipment, including flagship products like the MAGNUM® Pilot Freeze Dryer and the EPIC™ Small Production Freeze Dryer, as well as through ongoing support and maintenance services.
The company adopts a structured pricing model tailored to customer requirements, ensuring optimal performance of its products through partnerships and support services. Following the acquisition by Artemis, Millrock Technology, Inc. plans to leverage this support to accelerate growth and expand its capabilities. The company aims to introduce new products and expand into additional markets, specifically targeting regions in Asia and South America by the end of 2026.
The acquisition will facilitate the necessary resources for innovation and market development, driving Millrock's strategic initiatives forward.
Current Investors
Artemis
Primary Industry
Pharmaceuticals
Sub Industries
Medical Devices & Equipment, Medical Equipment Distributors, Pharmaceuticals
Website
www.millrocktech.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Millrock Technology, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Millrock Technology, Inc. | - |
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