Avantor Inc has successfully completed its acquisition of VWR Corporation (VWR), the leading global independent provider of product, supply chain, and service solutions to laboratory and production customers.
VWR will operate as a wholly-owned subsidiary of Avantor. Michael Stubblefield, CEO of Avantor, will lead the combined company.
The acquisition reflects an enterprise value of approximately $6.5 billion for VWR, with stockholders receiving $33.25 per share in cash. As a result of the closing of the transaction, VWR common stock will cease trading on the Nasdaq Stock Market, the company said.
New Mountain Capital will be the lead shareholder of the combined company. As part of the transaction, the Goldman Sachs Merchant Banking Division is leading an equity investment in the company.
Avantor will be the corporate name of the new company, and the VWR name will remain in place as one of the company's selling channels, ensuring a seamless transition for customers and offering the ability to continue ordering from vwr.com. Avantor will maintain a strong presence in both the Lehigh Valley and Radnor, Pennsylvania regions.
"The completion of this acquisition marks the beginning of an exciting new chapter for our combined organization. The new Avantor is a leading global provider of discovery-to-delivery solutions that offer more value to customers along with an additional layer of supply chain security," said Stubblefield.
Avantor Inc has successfully completed its acquisition of VWR Corporation (VWR), the leading global independent provider of product, supply chain, and service solutions to laboratory and production customers.
VWR will operate as a wholly-owned subsidiary of Avantor. Michael Stubblefield, CEO of Avantor, will lead the combined company.
The acquisition reflects an enterprise value of approximately $6.5 billion for VWR, with stockholders receiving $33.25 per share in cash. As a result of the closing of the transaction, VWR common stock will cease trading on the Nasdaq Stock Market, the company said.
New Mountain Capital will be the lead shareholder of the combined company. As part of the transaction, the Goldman Sachs Merchant Banking Division is leading an equity investment in the company.
Avantor will be the corporate name of the new company, and the VWR name will remain in place as one of the company's selling channels, ensuring a seamless transition for customers and offering the ability to continue ordering from vwr.com. Avantor will maintain a strong presence in both the Lehigh Valley and Radnor, Pennsylvania regions.
"The completion of this acquisition marks the beginning of an exciting new chapter for our combined organization. The new Avantor is a leading global provider of discovery-to-delivery solutions that offer more value to customers along with an additional layer of supply chain security," said Stubblefield.
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