22-Mar-2007 - Gerresheimer AG

Thermo Fisher Scientific and Gerresheimer Group to Form Joint Venture Creating Leading Glass Labware Business

Thermo Fisher Scientific Inc. announced that it has signed an agreement with the Gerresheimer Group to form a joint venture that would create a leading manufacturer of disposable and reusable glass labware for scientific laboratories. Gerresheimer is a global supplier of specialty glass and plastic devices for life sciences markets. The new entity, called Kimble/Chase Life Scienceware, LLC, will be based in New Jersey, with additional operations in the U.S., Germany, Mexico and China. The closing of the joint venture is subject to customary closing conditions, including applicable regulatory approvals.

"This joint venture will reshape the glass consumables marketplace," said Guy Broadbent, senior vice president and president of laboratory products for Thermo Fisher Scientific. "The combination of well-known glass labware brands from Thermo Fisher and Gerresheimer will form a leading supplier with an extensive product portfolio and a global footprint. With its significant production capabilities in China, the new business will be able to more effectively deliver its products to customers in that growing market as well as other parts of the world."

Under the agreement, Thermo Fisher will own 49% of the joint venture, contributing its Chase Scientific, Scherf and Pfeiffer glassware lines, which generated approximately $55 million of revenue in 2006 and are manufactured in the U.S. and Germany. Gerresheimer, which will own 51%, contributes its life science research products including certain Kimble, Kontes and Bomex brands, which generated approximately $68 million of 2006 revenue and are manufactured in the U.S., Mexico and China. The agreement expands an existing sales and marketing joint venture that has been in place since 2001.

Facts, background information, dossiers
  • joint ventures
  • glass
  • Thermo Fisher Scientific
  • China
More about Gerresheimer
  • News

    Gerresheimer expands production of pharmaceutical plastic packaging in Brazil

    Gerresheimer, the leading manufacturer of specialist packaging for drugs, is further expanding its strong presence on the South American market. The new Gerresheimer Anápolis plant has commenced production in the Brazilian state of Goiás in order to secure and support the continued strong g ... more

    Gerresheimer Expands in the Global Pharmaceutical Plastic Business

    The Gerresheimer Group expands its activities in the pharmaceutical plastic business with two strategically significant investments in the USA and Europe. The company is almost simultaneously opening a new research and development center for medical plastic systems in the USA as well as a n ... more

    Gerresheimer Sells Technical Plastics Business

    Gerresheimer AG has sold its Technical Plastics operations, which are not part of the company's core business, to the FBH Group, Bad Soden, Germany. "Through the sale of the Technical Plastics segment Gerresheimer has - as formerly announced - taken a further step in its focus on the core b ... more

  • Companies

    Gerresheimer Regensburg GmbH

    Gerresheimer Wilden GmbH is an internationally active supplier and development partner for innovative injection molded plastic systems with more than 50 years of experience. Gerresheimer Wilden GmbH belongs to Europe‘s biggest Injection Molding Companies with sites all over the world. Gerr ... more

More about Thermo Fisher Scientific