Thermo Fisher completes sale of lab equipment maker Cole-Parmer
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Plastics Processes Plastics: Auxiliary EquipmentTesting equipment manufacturer Thermo Fisher Scientific Inc. has completed the sale of its Cole-Parmer customer channel business to private equity firm GTCR LLC for approximately US$480 million in cash.
Testing equipment manufacturer Thermo Fisher Scientific Inc. has completed the sale of its Cole-Parmer customer channel business to private equity firm GTCR LLC for approximately US$480 million in cash.
The sale was announced on July 17, 2014.
Cole-Parmer, headquartered in Vernon Hills, Ill., is a global manufacturer and distributor of specialty laboratory equipment, instruments and supplies to a diverse range of customers in pharmaceutical, biotech, healthcare, chemicals, food and other research-based or regulated markets.
The business had approximately US$230 million in revenues for full year 2013, and is part of Thermo Fisher’s Laboratory Products and Services Segment.