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Approximately 80 Salt Lake City jobs will be lost over the next year as a result of Gull Laboratories being moved to Cincinnati, the home of its new owner.
Meridian Diagnostics Inc. (NASDAQ), an Ohio-based medical diagnostics firm, closed on the purchase of Gull Laboratories on Nov. 5.
"When we entered into the negotiations for the purchase of Gull Laboratories, our goal was to restore profitability to the business," said Jack A. Kraeutler, president and chief operating officer of Meridian. "It had been losing money fairly seriously for about three...