Editor Note: This is the second of a two part series. Read Frank Mortari's comments on M&A possibilities.

Over 10 percent of the value of Bio-Techne (NASDAQ: TECH) has been announced in acquisitions since June. $60 million was spent to acquire Novus Biologicals and $300 million for the acquisition of ProteinSimple in June.

In an exclusive interview with Benzinga, Director of Business Development Frank Mortari discussed what these acquisitions mean for the future of Bio-Techne.

Mortari explained the acquisitions show Bio-Techne’s flexibility moving forward. One advanced the legacy business, development of bio agents for life science research, and the other reflected expansion into a similar field.

Diversification

“With protein simple it's an expansion into, I would say an adjacent market. It [produces] instruments, which we have typically not been involved in,” said Mortari.

The ‘instruments’ Mortari refers to measure protein analysis to give researchers more insight into the true nature of these proteins.

These machines “require antibodies which are exactly the consumables that we have. That is the tie,” explained Mortari. “So it gets our antibodies as part of the consumables package for the instruments that ProteinSimple sells.”

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Core Business

“Novice on the other hand is a true expansion of the portfolio. Of the three main buckets of products of consumables that we have… antibodies would be more under pressure because there are a lot of other competitors,” began Mortari.

“Novice brings a huge expansion to that antibody portfolio. Novice has a portfolio of about 250,000 antibodies while we currently have about 15,000. It's quite an expansion.”

Looking Forward

Perhaps what’s most interesting is that both acquisitions will bring customers into the company and add to sales volume of existing customers.

“We have a history of being very profitable with industry leading margins. Being in that position, it is nearly impossible to think of an acquisition that would have similar financial metrics as us.”

However, Mortari, does not believe a small hit to margins is necessarily a bad thing.

“Its clear that there will be some margin erosion, I don’t think it will be drastic. But, I think from the people that we speak to, bankers and investors, people would appreciate the revenue growth and they would gladly trade that for some small margin in erosion.”

Shares of Bio-Techne were last trading at $93.81, nearly back at the $94.19 level it reached at the start of 2014.