One Equity Partners Europe GmbH
Duran Group to acquire Kimble Chase Life Science & Research Products, LLC
DGAP-News: One Equity Partners Europe GmbH / Key word(s): Acquisition/Private Equity Duran Group to acquire Kimble Chase Life Science & Research Products, LLC – With Kimble Chase, OEP and its portfolio companies, will have global coverage and offer customers an integrated and complementary product portfolio – The transaction significantly strengthens the OEP portfolio in the attractive life science and research markets Frankfurt, 09/12/2016 – Duran Group (“Duran”), a portfolio company of funds advised by OEP Capital Advisors, L.P., today announced that it has entered into a definitive agreement to acquire Kimble Chase Life Science & Research Products, LLC (“Kimble Chase”) from Gerresheimer and Chase Scientific Glass, Inc. The transaction is subject to customary closing conditions and allows OEP to build on a successful track record in the life science and research sector Kimble Chase is a leading global manufacturer and distributor of laboratory and scientific glassware for the pharmaceutical, environmental, petrochemical, life sciences, education and chromatography segments. With approximately 760 employees in operating facilities spread across three continents, the company offers a comprehensive and broad range of reusable, disposable and specialty products. Through this acquisition, Duran Group will increase its global presence and allow it to provide greater services and customer offerings in the United States. Dr Jörg Zirener, Managing Director at OEP, said: “OEP is excited about the acquisition of Kimble Chase which will further strengthen Duran’s position in the attractive life science and research markets. We look forward to working together with the management of the combined group to further accelerate growth. The addition of Kimble Chase to Duran’s portfolio will better position the group globally, making it a one-stop-shop for customers in research intensive markets when it comes to glassware.” Armin Reiche, CEO of Duran Group, added: “The acquisition allows us to form a global company in the Laboratory Consumable industry, offering laboratory glass and plastic products for research and packaging solutions in the areas of life sciences and chemistry. This will prove highly beneficial for our customers as we will offer them both the full range of laboratory products and follow their needs for global expansion and local coverage.” About One Equity Partners About Kimble Chase For more information, please visit www.kimble-chase.com About Duran Group For further information, please visit www.duran-group.com ### Press contact for OEP: Norbert Selle
2016-09-12 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |