Lab Consumables Supplier Wheaton Industries Acquired
Mr. Hillman told IBO that the acquisition was completed June 8. He said that PNC Equity plans to grow the business by making acquisitions and pursuing international opportunities. Wheaton has just over 200 employees.
Pittsburgh, PA 6/11/10—Wheaton Industries, a manufacturer and repackager of lab supply and packaging products, has been acquired by PNC Equity Partners. Financial details were not disclosed. Wheaton provides laboratory products including glass vials, plastic containers and accessories, and sells directly to specialty OEMs and diagnostic instrument companies. “We were particularly attracted to Wheaton’s growth prospects, both in new end markets and through strategic acquisitions,” said David Hillman, partner of PNC Equity Partners. David Hillman, Jack Glover and Michael Rost of PNC will join Wheaton’s Board.
