New Laboratory Glassware Joint Venture Set Up in the US |
19 Apr 2007 |
| A joint venture between Thermo Fisher Scientific Inc. and the Gerresheimer Group will be based in New Jersey, announced the two companies today. The new entity, Kimble/Chase Life Scienceware LLC, will make disposable and reusable glassware for scientific laboratories. There will be other locations in the United States, Germany, Mexico and China.
"This joint venture will reshape the glass consumables marketplace," said Guy Broadbent, senior vice president and president of laboratory products for Thermo Fisher Scientific, a research equipment and services company based in Waltham, Mass. "With its significant production capabilities in China, the new business will be able to more effectively deliver its products to customers in that growing market as well as other parts of the world." Under the deal, Thermo Fisher Scientific will own 49 percent of Kimble/Chase Life Scienceware and contribute to the venture the company’s Chase Scientific, Scherf and Pfeiffer lines. These glassware lines generated revenues of about $55 million in 2006. Gerresheimer Group will chip in with its life science research products that include certain Kimble, Kontes and Bomex brands. The total revenue from these brands combined was about $68 million last year. The agreement expands an existing sales and marketing deal that has been in place between the companies since 2001. The Gerresheimer Group, based in Dusseldorf, Germany, makes specialty glass, plastic devices and drug delivery technologies for, and offers services to, pharmaceutical and life science companies. |
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