One Equity Partners Europe GmbH
One Equity Partners (OEP) acquired Wheaton Industries, Inc.
DGAP-News: One Equity Partners Europe GmbH / Key word(s): Mergers & Acquisitions Press Release One Equity Partners (OEP) acquired Wheaton Industries, Inc. – Transaction significantly strengthens the OEP portfolio in the attractive life science and healthcare markets – Duran Group, a portfolio company of OEP, and Wheaton will benefit from a larger base to grow from due to complementarity of products Frankfurt, 09/15/2015 – Duran Group, a portfolio company of funds advised by OEP Capital Advisors, L.P. (“OEP”) has acquired Wheaton Industries, Inc. (“Wheaton”) from Incline Equity Partners. A definitive Stock Purchase Agreement (SPA) was previously signed and the transaction closed yesterday after all closing conditions and required filings were satisfied. Wheaton is a premier global supplier of laboratory consumable products and provider of customized solutions used for life science R&D, in vitro diagnostics and medical packaging. The Company has over 126 years of experience in manufacturing and the supply of the highest quality glass and plastic laboratory supplies. Duran Group, which was acquired by OEP in February 2015, is a leading brand and global manufacturer of premium borosilicate glass, used primarily for laboratory glassware, in pharmaceutical, chemical and biotech laboratories. The acquisition of Wheaton further strengthens OEP’s portfolio in the attractive life science and healthcare markets. Both companies, Duran Group and Wheaton, will benefit from a larger base to grow from due to the complementarity of their products. WHEATON(R) is a leading brand for glass and plasticware in North America while DURAN(R) is the preferred brand for premium laboratory glassware in Europe. Both brands enjoy excellent recognition and image in Asia and many other global markets. “OEP is excited about the acquisition of Wheaton by Duran Group as it represents a leading brand in the life science market. We are looking forward to working together closely with the management of both companies, to further accelerate the growth Wheaton has enjoyed. Wheaton and Duran are both strong and well-established brands, which are highly complementary in terms of their focus markets and product portfolios. We are confident that the combination of the two companies will help them to expand their market positions in the life science sector and to realize attractive cross-selling synergies for their international clients”, said Dr Jörg Zirener, Partner, OEP. “The entire Wheaton management team is excited to be part of the OEP family”, said Wayne Brinster, President and CEO, Wheaton. “This acquisition represents a new chapter for Wheaton and will allow us to accelerate a number of growth programs already in progress. Joining a company with the expertise and capabilities of Duran Group additionally opens up many possibilities for improvements and growth.” About OEP Capital Advisors About Wheaton About Duran Group ### Press contact for OEP: Norbert Selle 2015-09-15 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
394725 2015-09-15 |