One Equity Partners Europe GmbH
Duran Group, a Global Leader in Laboratory Glass, Acquires Kimble Chase Life Science & Research Products
DGAP-News: One Equity Partners Europe GmbH / Key word(s): Acquisition Duran Group, a Global Leader in Laboratory Glass, Acquires Kimble Chase Life Science & Research Products One Equity Partners Completes Second Transformative Combination for Duran Group, Further Strengthening Market Leadership NEW YORK, OCTOBER 31, 2016 – One Equity Partners, a leading middle market private equity firm, today announced that its portfolio company Duran Group, a global glass manufacturer for laboratory and industrial applications, has acquired Kimble Chase Life Science & Research Products, LLC. The acquisition of U.S.-based Kimble Chase, which has a strong position in disposable products, is a further step in building Duran Group into a worldwide leader in the laboratory and scientific glassware industry. Headquartered in Rockwood, Tenn., Kimble Chase is a manufacturer and distributor of laboratory and scientific glassware for the pharmaceutical, environmental, petrochemical, life sciences, education and chromatography markets. Operating facilities across three continents, the company offers a broad range of disposable, reusable and specialty products. Kimble Chase was previously owned by Gerresheimer and Chase Scientific Glass, Inc. “This highly strategic acquisition strengthens Duran Group’s U.S. market presence with the addition of complementary products that balances the company’s Europe and U.S. businesses. It is representative of One Equity Partners’ strategy of creating transformative combinations that build market-leading businesses,” said Dr Jörg Zirener, Managing Director at One Equity Partners, which acquired Duran Group in February 2015. “The addition of Kimble Chase further diversifies the business. We are creating a business that can offer customers around the world an integrated and complementary product portfolio of precision laboratory glassware products.” The addition of Kimble’s product portfolio represents another significant step forward for Duran Group and One Equity Partners in creating a diversified global player in the scientific glassware industry. In September 2015, Duran Group was combined with Wheaton, a Millville, N.J.-based supplier of laboratory consumable products and customized solutions used for life science R&D, in vitro diagnostics, and medical packaging. The acquisition was the first step in transforming Duran Group from primarily a European-focused company into a worldwide laboratory glassware business. “This acquisition allows us to continue to build a global company that now combines three highly respected names in the laboratory consumables industry, and offers laboratory glass and plastic products for research and packaging solutions in the areas of life sciences and chemistry,” said Armin Reiche, CEO of Duran Group. “This will prove highly beneficial for our customers as we will offer them both the full range of laboratory products and support their needs for global expansion and local coverage.” ### About One Equity Partners For more information, please visit www.oneequity.com. About Duran Group For further information, please visit www.duran-group.com. About Kimble Chase For more information, please visit www.kimble-chase.com. ### Press contact for OEP: Norbert Selle
2016-10-31 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |