City of LynchburgLynchburg-based Fleet Laboratories has been sold-the company has new owners after 145 years. Family-owned since it was founded in 1869, According to a press release, San Francisco based Gryphon Investors has acquired a majority stake. Fleet’s management team, along with several additional investors, will hold minority stakes. The company makes personal healthcare products; and is expected to remain in Lynchburg. The acquisition was announced this morning, but no other details were not disclosed.