Acquisition Extends VWR's Solvent Manufacturing Capabilities
RADNOR, Pa. - VWR (NASDAQ: VWR), a leading, global, independent provider of laboratory products, services and solutions, announced today that it has acquired Purification Technologies Inc. (PTI), a specialty solvent company that performs high volume purification of selected high purity solvents. This acquisition will enhance VWR's growing laboratory and production chemical manufacturing portfolio to better support its laboratory and biopharmaceutical manufacturing customers.
"PTI's solvent purification expertise and process capabilities improve access to a key solvent line and enhances our portfolio of high purity products available to our customers," said Manuel Brocke-Benz, President and CEO of VWR. "Our customers in the chromatography, biochemical and agrochemical industries will benefit through VWR's ability to supply high purity Acetonitrile and other solvents in both bulk and lab scale quantities."
Based in Chester, Connecticut and founded in 1998, PTI produces high purity solvents for analytical, biotechnology and agrochemical customers internationally.
Financial details of this acquisition remain confidential.
VWR (NASDAQ: VWR), headquartered in Radnor, PA, is a leading, global, independent provider of laboratory products, services and solutions with worldwide sales in excess of $4.1 billion in 2013. VWR enables science in laboratory and production facilities in the pharmaceutical, biotechnology, industrial, education, government and healthcare industries. With more than 160 years of experience, VWR offers a well-established network that reaches thousands of specialized laboratories and facilities spanning the globe. VWR has more than 8,500 associates working to streamline the way scientists, medical professionals and production engineers stock and manage their businesses. In addition, VWR supports its customers by providing other value-added service offerings, research support, laboratory services and operations services.
For more information about VWR, visit www.vwr.com.
Director, Corporate Communications
VWR International, LLC
John Sweeney, CFA
VP, Investor Relations
Web Site: http://www.vwr.com