OR WAIT 15 SECS
Volume 13, Issue 18
Avantor Inc. has completed the acquisition of VWR Corporation for an approximate amount of $6.5 billion.
Avantor Inc. has completed the acquisition of VWR Corporation for an approximate amount of $6.5 billion. A global provider of product, supply chain, and service solutions to laboratory and production customers, VWR will continue on as a subsidiary of Avantor with Michael Stubblefield, the current Chief Executive Officer of Avantor, leading the combined company.
“The completion of this acquisition marks the beginning of an exciting new chapter for our combined organization,” said Stubblefield.
“With enhanced scale and favourable long-term industry dynamics, we are well positioned to accelerate growth, benefiting from deeper access to the high-growth biopharma, industrial, and applied research sectors,” continued Stubblefield.
Manuel Brocke-Benz, former Chief Executive Officer of VWR, added, “By executing on our business plan and growth strategy, VWR built a truly differentiated company, with broad global distribution capabilities and a breadth of essential products, services, and technology offerings for laboratory and production customers around the world. I have every confidence that combining VWR with Avantor’s expertise in high-purity materials will enable the new organization to even better meet our global customers’ evolving needs.”
Despite its acquisition, the name VWR will continue with Avantor acting as the corporate name of the new company to ensure a smooth transition and allow customers to continue to order from the VWR website as they always have.
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