VWR International, Inc. Acquires Remaining Stake in KMF Laborchemie Handels GmbHCompany Continues to Strengthen its Distribution Scale in Germany and Other European Markets
WEST CHESTER, Pa., March 29, 2007 /PRNewswire/ -- VWR International, Inc., a leading supplier to the global research laboratory industry, today announced that it has acquired the remaining approximately 76% interest in KMF Laborchemie Handels GmbH (KMF) effective April 1, 2007, a German-based scientific laboratory supply distributor, that it did not already own.
KMF has 70 employees, all based in Germany, with annual revenues of approximately $45 million US dollars.
Manuel Brocke-Benz, Senior Vice President and Managing Director of VWR's European operations, said, "We are very pleased that VWR now has a 100 percent stake in KMF, a key European distributor for the Company. The very customer- centric approach of KMF - together with the strength of VWR's logistics network and service capabilities in Germany and across Europe - will enhance our value proposition to our combined customer base. Our suppliers will also clearly benefit from having an even stronger partner in one of the major European markets. We look forward to integrating the KMF team to support our growth plans in 2007 and beyond."
About KMF Laborchemie Handels GmbH
KMF Laborchemie Handels GmbH offers a highly diversified product range of chemicals and consumables to the laboratory industry in Germany with an emphasis on chromatography, microbiology and life science products. The Company's customers include research institutes, universities, public control laboratories, pharmaceutical and other industries. In addition to its central warehouse in Sankt Augustin, Germany, KMF has branch offices in Lohmar and Leipzig. The Company's mission is to deliver excellence in distribution of scientific supplies and customer service.
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 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.
CONTACT: Ted Pulkownik of VWR International, Inc., +1-610-429-2791, fax:+1-610-436-1760, or firstname.lastname@example.org
Web site: http://www.vwr.com/
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Posted: March 2007