VWR International To Be Acquired By Avantor In Deal Worth $6.4 Bln

(RTTNews) - VWR International LLC (VWR) Friday announced that reached a definitive agreement to be acquired by ultra purity materials supplier Avantor for $33.25 per share in cash. The enterprise value of the deal is around $6.4 billion and represents a premium of approximately 17 percent premium as on May 2, the day prior to the start of the market speculation.

The combined entity will be a major consumables-focused solutions and services provider to the high-growth life sciences and advanced technologies industries, as well as education, government, and research institutions across the globe. The combined company will be a vertically integrated organization, serving a global customer base in all areas of their activities, from research through production.

Michael Stubblefield, Chief Executive Officer of Avantor, said, "We will bring together our well-known expertise in ultra-high-purity materials and customized solutions with VWR's global scale, unparalleled channel access, and deep customer relationships. Collectively, this will create a larger, stronger and more diversified company with significantly enhanced scale and product breadth."

VWR has more than 10,000 employees.