VWR International
 | |
| Public (NASDAQ: VWR) | |
| Industry | Scientific products distributor |
| Founded | 1852 |
| Headquarters | Radnor, PA, USA |
Key people |
Manuel Brocke-Benz President and CEO |
| Products | Chemicals, protective clothing, research equipment, specialized laboratory furniture |
| Revenue | $4.38 billion (2014) [1] |
| Owner | Madison Dearborn Partners |
Number of employees | Over 8,000 worldwide |
| Website |
www |
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.[2] Suppliers include Applied Scientific, 3B Scientific Duracell, Kimberly-Clark, Bel-Art Products, and Welch Allyn.[3] VWR primarily serves the government, biotechnology, life science, education, electronics and pharmaceutical sectors. In 2010, the company maintained operations in 25 countries and process approximately 50,000 order lines daily from a logistical network, which includes 25 strategically located distribution centers.[4]
History
VWR was formed in the late 1920s by George Van Waters and Nat Rogers as a small chemical company.[5] Since then, the company evolved to focus on the laboratory market. It also has a presence in the cleanroom, safety, and clinical markets.
VWR owns a group of companies under the unofficial umbrella "VWR Education." These companies include Science Kit and Boreal Laboratories and Edmund Scientific Corporation.[6] In August 1989, VWR purchased Sargent-Welch Scientific Company.[7]
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.
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.[8]
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.[9][10][11]
On October 2, 2014, VWR's IPO raised $536 million, estimating the value of the company at close to $5 billion.[12]
References
- ↑ "VWR Corporation Reports Strong Fourth Quarter and Full Year 2014 Financial Results". VWR. March 4, 2015. Retrieved March 4, 2015.
- ↑ "The Largest Private Companies". Forbes. November 9, 2006. Retrieved November 30, 2006.
- ↑ Walker, T. "VWR International information". Hoover's. Retrieved November 30, 2006.
- ↑ "VWR Funding, Inc Form 10-K". VWR International. December 31, 2011. Retrieved May 2, 2011.
- ↑ http://www.historylink.org/index.cfm?DisplayPage=output.cfm&file_id=7312
- ↑ Edmund Scientific Corporation#Edmund Scientific today
- ↑ Sargent-Welch History
- ↑ http://finance.yahoo.com/news/VWR-International-LLC-prnews-4168307511.html?x=0&.v=1
- ↑ "Lawmaker blasts Brisbane company's relocation plan". KGO-TV. May 13, 2011.
- ↑ Scott, Julia (May 9, 2011). "Lawmakers blast Brisbane company's relocation plan". San Jose Mercury News.
- ↑ Elk, Mike (June 7, 2012). "Tax Credits for New Jobs, but Really for Union Busting?". In These Times.
- ↑ http://www.reuters.com/article/2014/10/01/vrw-ipo-idUSL2N0RW38120141001