Avantor completes $6.5bn VWR acquisition

22-Nov-2017 - Last updated on 22-Nov-2017 at 15:28 GMT

(Image: iStock/Ridofranz)

Avantor, Inc. has completed its previously announced acquisition of VWR Corporation to create a global provider of “discovery-to-delivery” solutions, says CEO.

Avantor supplies ultra-high-purity materials for the life sciences and advanced technology industries. The company yesterday announced the completion of its acquisition of VWR Corporation, a product, supply chain, and service solutions provider.

Avantor initially announced the acquisition in May of this year, at which time a company spokesperson told us the deal would expand Avantor's offering for key customers, including biopharma.

According to the company, VWR will operate as a wholly-owned subsidiary of Avantor. VWR’s common stock stopped trading November 21, 2017 on the Nasdaq Stock Market.

Michael Stubblefield, Avantor CEO, who will lead the combined company, commented in a press release: "The new Avantor is a leading global provider of discovery-to-delivery solutions that offer more value to customers along with an additional layer of supply chain security.”

According to the company, it will maintain a “strong presence” in both the Lehigh Valley and Radnor, Pennsylvania regions.

Avantor declined to comment further at this time.