Thermo Fisher Scientific Acquires Doe & Ingalls
WALTHAM, Mass. (May 1, 2012) – Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that it has acquired Doe & Ingalls Management, LLC, a premium provider of specialty production chemicals and customized supply-chain services to the life sciences and microelectronics industries, for approximately $175 million in cash. Based in Durham, North Carolina, Doe & Ingalls operates service centers in key biopharma and microelectronics hubs in North America. The business generated 2011 revenue of approximately $110 million.
“Doe & Ingalls’ comprehensive line of production chemicals and related services is highly complementary to our industry-leading channel capabilities, and will enhance the growth opportunities across both portfolios,” said Marc N. Casper, president and chief executive officer of Thermo Fisher Scientific. “Doe & Ingalls will strengthen our value proposition by adding products and services that address the production market within our extensive customer base, which we have historically served primarily from a research perspective.”
Doe & Ingalls’ robust production chemicals portfolio is supported by a state-of-the-art supply- chain network that serves a large base of customers in life sciences and advanced technology markets and is ISO 9001:2008 and cGMP compliant. Its MORTM, Smart SourcingTM and Streamline™ service offerings are specifically designed to manage risk, quality and total cost in the chemical supply chain associated with production activities.
Doe & Ingalls will be part of Thermo Fisher’s Customer Channels business within its Laboratory Products and Services Segment.
About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science. Our mission is to enable our customers to make the world healthier, cleaner and safer. With revenues of $12 billion, we have approximately 39,000 employees and serve customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as in environmental and process control industries. We create value for our key stakeholders through three premier brands, Thermo Scientific, Fisher Scientific and Unity™ Lab Services, which offer a unique combination of innovative technologies, convenient purchasing options and a single solution for laboratory operations management. Our products and services help our customers solve complex analytical challenges, improve patient diagnostics and increase laboratory productivity. Visit www.thermofisher.com.
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