Avantor Agrees to Acquire VWR for $6.4 Billion - Modern Distribution Management

Avantor Agrees to Acquire VWR for $6.4 Billion

VWR sales increased 3.7 percent in the first quarter.

Avantor, a supplier of ultra-high-purity materials for the life sciences and advanced technology industries has entered a definitive agreement to acquire laboratory products distributor VWR (NASDAQ: VWR), Radnor, PA, for $6.4 billion. The combined company will be a vertically integrated organization, serving a global customer base in all areas of their activities, from research through production.

"Avantor's acquisition of VWR is both highly compelling and complementary," said Michael Stubblefield, CEO of Avantor. "We will bring together our well-known expertise in ultra-high-purity materials and customized solutions with VWR's global scale, unparalleled channel access, and deep customer relationships. Collectively, this will create a larger, stronger and more diversified company with significantly enhanced scale and product breadth. The global customers that we plan to serve in a more high-touch manner will immediately benefit from the combination, as we will provide end-to-end solutions that offer increased quality, effectiveness, and productivity."

VWR also reported sales for the first quarter of $1.1 billion, an increase of 3.7 percent year-over-year. Profit for the quarter was $38.5 million, compared to $38.8 million in the prior year quarter.

First quarter sales in the Americas grew 3.9 percent year-over-year to $692.8 million, while sales in EMEA-APAC increased 3.4 percent to $446.3 million.

"The first quarter represents a strong start to the year, bolstered by our solid business momentum in EMEA-APAC and improving performance in the Americas," said Manuel Brocke-Benz, president and CEO of VWR. "During the first quarter, organic revenues increased 4.3 percent, with EMEA-APAC up 8.4 percent. Our solid revenue momentum, coupled with our adjusted operating income margin expansion, drove strong bottom-line performance."

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!