VWR International
{{Short description|U.S. chemicals company}}
{{Infobox company
| name = VWR, Part of Avantor
| logo = File:VMR International.png
| caption =
| type = Subsidiary
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| foundation = {{sda|1852}}
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| defunct =
| location_country = United States
| location = Radnor, Pennsylvania
| locations =
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| key_people = Michael Stubblefield (CEO)
| industry = Scientific products distributor
| products = Chemicals, protective clothing, research equipment, specialized laboratory furniture {{cite web|url=https://us.vwr.com/store/content/externalContentPage.jsp?path=/en_US/vwr_collection_products.jsp|title=Our Collection of VWR Brands - VWR|website=Us.vwr.com|access-date=5 August 2018}}
| services = Laboratory services, clinical and biorepository services, procurement services {{cite web|url=https://us.vwr.com/store/content/externalContentPage.jsp;jsessionid=EPKiNDlYi0hNGSVKXHWckElQ.estore3a?path=/en_US/vwrcatalyst_services_portfolio.jsp|title=Our Services Portfolio - VWR|website=Us.vwr.com|access-date=5 August 2018}}
| revenue = $5.9 Billion (2018) {{cite web|url=http://investors.vwr.com/releasedetail.cfm?ReleaseID=899805|publisher=VWR|access-date=March 4, 2015|title=VWR Corporation Reports Strong Fourth Quarter and Full Year 2014 Financial Results|date=March 4, 2015|archive-url=https://web.archive.org/web/20150419050137/http://investors.vwr.com/releasedetail.cfm?ReleaseID=899805|archive-date=April 19, 2015|url-status=dead|df=mdy-all}}
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| num_employees = Over 12,000 worldwide
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| homepage = {{URL|http://www.vwr.com}}
| footnotes =
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| parent = Avantor
}}
VWR International is an American company involved in the distribution of research laboratory products, with
over 1,200,000 items to more than 250,000 customers in North America and Europe. The U.S. division is headquartered in Radnor, Pennsylvania. VWR ranked #91 in 2006, and #77 in 2005, in Forbes list of largest American private companies.{{cite web|url=https://www.forbes.com/lists/2006/21/biz_06privates_VWR-International_ZMAQ.html|work=Forbes|access-date=November 30, 2006|title=The Largest Private Companies|date=November 9, 2006}} Suppliers include Applied Scientific, 3B Scientific Duracell, Kimberly-Clark, Bel-Art Products, and Welch Allyn.{{cite web|publisher=Hoover's|url=http://www.hoovers.com/free/co/factsheet.xhtml?COID=120668&cm_ven=PAID&cm_cat=BUS&cm_pla=CO1&cm_ite=VWR_International|title=VWR International information|access-date=November 30, 2006|author=Walker, T}} VWR primarily serves the government, biotechnology, life science, education, electronics and pharmaceutical sectors. In 2010, the company maintained operations in 25 countries and processed approximately 50,000 order lines daily from a logistical network, which includes 25 strategically located distribution centers.{{cite web|url=http://investors.vwr.com/secfiling.cfm?filingID=950123-11-18138|publisher=VWR International|access-date=May 2, 2011|title=VWR Funding, Inc Form 10-K|date=December 31, 2011|archive-url=https://web.archive.org/web/20110818152225/http://investors.vwr.com/secfiling.cfm?filingID=950123-11-18138|archive-date=August 18, 2011|url-status=dead|df=mdy-all}}
History
VWR was founded by John Taylor as the John Taylor Company in 1852, selling mining and laboratory products.{{Cite web|date=2016-02-09|title=VWR - Global distributor of Laboratory Consumables, Equipment, Chemicals and Services|url=https://vwr.com/history.htm|access-date=2021-07-07|archive-url=https://web.archive.org/web/20160209114545/https://vwr.com/history.htm|archive-date=2016-02-09}} Since then, the company evolved to focus on the laboratory market. It also has a presence in the cleanroom, safety, and clinical markets.
In 1902, it was purchased by F.W. Braun, and merged into his company the F.W. Braun Corporation.{{Cite web|title=Miscellaneous Mining Items/Gold-Silver Mold - Braun|url=http://www.halslamppost.com/Miscellaneous%20Mining%20Items/slides/Gold-Silver%20Mold%20-%20Braun.html|access-date=2021-07-07|website=www.halslamppost.com}} In 1908, Braun left the F.W. Braun Corporation, and formed Braun-Knecht-Heimann with Gustav Knecht and Richard Heimann. In 1950, George Van Waters and Nat Rogers purchased Braun-Knecht-Heimann, and in 1953 they purchased the F.W. Braun Corporation, merging with their chemical distribution company Van Waters and Rogers, which they had founded in 1924.{{cite web|url=http://www.historylink.org/index.cfm?DisplayPage=output.cfm&file_id=7312|title=Rogers, Nat (1898-1990)|website=Historylink.org|access-date=5 August 2018}} In 1974, the VWR United Corporation became Univar Corporation, and in 1986, split into Univar and VWR Corporation.
VWR owns a group of companies under the unofficial umbrella "VWR Education." These companies include Science Kit and Boreal Laboratories and a catalog operation they acquired from Edmund Scientific Corporation in 2001.[https://www.mytotalretail.com/article/how-edmund-industrial-optics-found-its-focus-20962/all/ From Salvage to Space
Denny Hatch, How Edmund Industrial Optics found its focus, mytotalretail.com - August 1, 2001] In August 1989, VWR purchased Wards's Science and Sargent-Welch Scientific Company.{{cite web|url=http://www.sargentwelch.com/article.asp?ai=273|archive-url=https://archive.today/20120910115838/http://www.sargentwelch.com/article.asp?ai=273|url-status=dead|archive-date=10 September 2012|title=Sargent-Welch History|access-date=5 August 2018}}
In September, 1995, VWR completed their purchase of Baxter's Industrial division, creating a much larger company. The capital was primarily obtained from Merck KGaA, a German chemical manufacturer (known as EMD Chemicals in the U.S. and Canada) who later purchased VWR and merged them with Merck Eurolab, creating a global laboratory distributor. In 2004, VWR became a limited partnership controlled by investment firm Clayton, Dubilier & Rice.
In 2007, CD&R sold VWR to another private equity company, Madison Dearborn Partners.
In 2010, VWR moved its world headquarters to Radnor, Pennsylvania.
Controversy has arisen about a 2010 decision by VWR to close its unionized Brisbane, CA distribution center, moving operations to a non-unionized Visalia, CA facility. This facility has now voted in the union for equal pay for equal work. They pay the Material Handlers $10 an hour when the other distribution centers start at a much higher rate. VWR will not allow this facility to be unionized and will not work out a contract.{{cite news|title=Lawmaker blasts Brisbane company's relocation plan|url=https://abc7news.com/archive/8129517/|date=May 13, 2011|newspaper=KGO-TV}}{{cite news|last=Scott|first=Julia|title=Lawmakers blast Brisbane company's relocation plan|url=http://speier.house.gov/index.php?option=com_content&view=article&id=377:lawmakers-blast-brisbane-companys-relocation-plan&catid=2:jackie-in-the-news&Itemid=15|date=May 9, 2011|newspaper=San Jose Mercury News}}{{cite news|last=Elk|first=Mike|title=Tax Credits for New Jobs, but Really for Union Busting?|url=http://www.inthesetimes.com/working/entry/13335/tax_credits_for_new_jobs_but_really_for_union_busting/|date=June 7, 2012|newspaper=In These Times}}
In 2011, VWR acquired AMRESCO Inc., a manufacturer and supplier of biochemicals and reagents for molecular biology, histology and related areas of research and production.{{cite web |url=https://www.biospace.com/vwr-international-inc-acquires-amresco-inc |title=VWR International, Inc. Acquires AMRESCO Inc. |date=2011-02-02 |website=BioSpace |accessdate=2025-03-31}}
On June 1, 2011, VWR International acquired BioExpress Corp (formerly ISC BioExpress), raising concerns of monopolization of the laboratory supplies sector along with Thermo Fisher Scientific.[https://finance.yahoo.com/news/VWR-International-LLC-prnews-4168307511.html?x=0&.v=1] {{dead link|date=August 2018}}
On October 2, 2014, VWR's IPO raised $536 million, valuing the value of the company at close to $5 billion.{{cite news|url=https://www.reuters.com/article/vrw-ipo-idUSL2N0RW38120141001|title=UPDATE 1-Lab supplies provider VWR prices IPO below indicated price...|website=Reuters.com|date=October 2014|access-date=5 August 2018}}
In January 2016, VWR acquired Therapak Corporation, an assembler and distributor of medical convenience kits with locations in Claremont, CA, Buford, GA, Hayes, UK and Skalice, CZ.
In April 2017, VWR acquired MESM Ltd., a provider of laboratory and medical equipment and supplies for use in clinical trials worldwide.{{cite web|url=https://www.prnewswire.com/news-releases/vwr-acquires-mesm-ltd-300436430.html|title=VWR Acquires MESM Ltd.|website=Prnewswire.com|access-date=5 August 2018}} VWR acquired two other companies earlier in the year, EPL Archives and Seastar Chemicals {{Cite web|url=https://www.bizjournals.com/philadelphia/news/2017/04/07/vwr-acquires-mesm-lab-medical-equipment.html|title=VWR Acquires MESM Lab Medical Equipment|website=Bizjournals.com|access-date=5 August 2018}}
On May 5, 2017, it was announced that Avantor, a Center Valley, Pennsylvania-based supplier of ultra-high-purity materials to the life sciences and advanced technology industries, would acquire VWR for $33.25 in cash per share of VWR common stock, reflecting an enterprise value of approximately $6.4 billion.{{cite web|url=http://www.prnewswire.com/news-releases/vwr-enters-into-definitive-agreement-with-avantor-300452195.html|title=VWR Enters into Definitive Agreement with Avantor|website=Prnewswire.com|access-date=5 August 2018}}
On November 21, 2017, Avantor completed its acquisition of VWR.{{cite web|url=https://www.prnewswire.com/news-releases/avantor-completes-acquisition-of-vwr-300560280.html|title=Avantor® Completes Acquisition of VWR|website=Prnewswire.com|access-date=5 August 2018}} As of June 2020, Avantor was included in the Fortune500 list, ranking 484 on the list of the largest U.S companies by revenue.{{cite web|url=https://fortune.com/company/avantor/fortune500.html|title=Avantor's included in the Fortune500 list|website=fortune.com|access-date=6 August 2020}}
References
{{Reflist}}
External links
- [https://us.vwr.com Official website]
{{Philadelphia Corporations}}
{{Authority control}}
{{DEFAULTSORT:Vwr International}}
Category:Companies based in Delaware County, Pennsylvania
Category:Radnor Township, Pennsylvania
Category:2014 initial public offerings
Category:2017 mergers and acquisitions
Category:Companies formerly listed on the Nasdaq
Category:American companies established in 1852