WEST CHESTER, Pa., June 29 /PRNewswire/ -- VWR International, Inc., a
leader in the global laboratory supply industry, today announced that an
affiliate of Madison Dearborn Partners (MDP) has completed the acquisition
of the company. VWR announced on May 2, 2007 that its parent company, CDRV
Investors, an affiliate of Clayton, Dubilier & Rice, had entered into a
definitive agreement for the sale of the company to Madison Dearborn.
Madison Dearborn Partners is one of the most successful private equity
investors in the U.S. Since its formation in 1992, MDP funds have closed
over 100 transactions in the U.S. and Europe. Tim Sullivan, a Managing
Director for MDP, said: "We look forward to working with VWR's outstanding
management team and are excited about the Company's leadership and
opportunity for continued growth."
"We appreciate the support and guidance that our prior private equity
sponsor, Clayton, Dubilier & Rice, Inc., provided to VWR over the last
three years," said VWR President and Chief Executive Officer, John
Ballbach, who will also become the Chairman of the Board of Directors of
the Company. "We look forward to continuing to execute our strategy working
with Madison Dearborn and strengthening our position as a market leader.
We're excited about the potential to leverage Madison Dearborn's extensive
knowledge of the laboratory and scientific products sector and its
relationships with key suppliers and customers in our industry."
About VWR International, Inc.
VWR International is a leader in the global research laboratory
industry with worldwide sales in excess of $3 billion US dollars. VWR's
business is highly diversified across products and services, geographic
regions and customer segments. The Company offers products from a wide
range of manufacturers, to a large number of customers primarily in North
America, Europe and other locations. VWR's principal customers are major
pharmaceutical, biotechnology, chemical, technology, clinical, food
processing and consumer product companies, universities and research
institutes, governmental agencies, environmental testing organizations, and
primary and secondary schools. VWR distributes a diversified product mix,
including chemicals, glassware and plasticware, equipment and instruments,
furniture, protective apparel, production and safety products, and other
life science and laboratory products and supplies. VWR supports its
customers by providing storeroom management, product procurement, supply
chain systems integration, technical services and laboratory bench top
delivery. VWR maintains operations in over 20 countries and employs over
6,000 people worldwide. VWR International is headquartered in West Chester,
Pennsylvania. VWR-G
For more information on VWR International, phone 1-800-932-5000, visit
http://www.vwr.com, or write, VWR International, Inc., 1310 Goshen Parkway, P.O.
Box 2656, West Chester, PA 19380-0906.
VWR and design are registered trademarks of VWR International, Inc.
About Madison Dearborn Partners, LLC
Madison Dearborn Partners, based in Chicago, is one of the most
experienced and successful private equity investment firms in the United
States. MDP has more than $14 billion of equity capital under management
and makes new investments through its most recent fund, Madison Dearborn
Capital Partners V, a $6.5 billion investment fund raised in 2006. MDP
focuses on management buyout transactions and other private equity
investments across a broad spectrum of industries, including basic
industries, communications, consumer, energy and power, financial services,
health care and real estate. For more information, please visit the MDP
website at http://www.mdcp.com.
This release includes forward-looking statements within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking
statements are not historical, but are made based on management's current
expectations and beliefs concerning future developments and their potential
effects upon VWR International, Inc. and its subsidiaries. There can be no
assurance that future developments affecting the Company will be those
anticipated by management. These forward-looking statements are not a
guarantee of future performance and involve risks, uncertainties and other
factors, including without limitation those described under the caption
"Item 1A. Risk Factors" and other risks described in our Annual Report on
Form 10-K for the year ended December 31, 2006 and the Company's other
reports on file with the Securities and Exchange Commission. We do not
intend, and are under no obligation, to update any particular
forward-looking statement included in this release.
SOURCE VWR International, Inc.
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Related links:
http://www.vwr.com
http://www.mdcp.com
CONTACT:
Robin Gervasoni of VWR International, Inc.,
+1-610-430-7258, robin.gervasoni@vwr.com
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