WHEATON Acquired by One Equity Partners
By Business Wire News
WHEATON, a premium provider of laboratory glassware and consumables, announced today it has been acquired by Duran Group, a portfolio company of funds advised by One Equity Partners Capital Advisors L.P. (OEP). The transaction brings together two well-known and respected brands with strong reputations for quality and innovations serving the life science and healthcare markets, each with track records extending back to their founding more than 100 years ago. Since then the products of WHEATON and DURAN have become leading brands globally in the lab consumable sector.
The new combined company will benefit from a broader base from which to grow their portfolio of products. WHEATON® is a leading brand for glass and plasticware in North America while DURAN® is the preferred brand for premium laboratory glassware in Europe. Both enjoy excellent recognition and image in Asia and many other global markets.
“This acquisition represents a new chapter for WHEATON and will allow us to accelerate a number of growth programs already in progress. Joining a company with the expertise and capabilities of Duran Group additionally opens up many possibilities for improvements and growth,” said Wayne Brinster, President and CEO of WHEATON. “In the areas of products, infrastructure, talent and focus, the two organizations complement each other very well.”
Throughout its 125-year history, WHEATON has been dedicated to supporting scientific advances and discovery by providing innovative solutions for the laboratory research, diagnostic, and specialty pharmaceutical industries. The company’s expertise in designing and manufacturing plastic and glass containers with a wide selection of closure systems and custom solutions ensures the secure storage and delivery of sensitive materials and precious biomedical specimens around the globe. For more information, visit www.Wheaton.com.
Global Director of Marketing