VWR Explores Strategic Options
On March 9, Reuters published a story citing “sources close to the process,” who said that Goldman Sachs had been hired to sell VWR Scientific. A source told Reuters that Clayton, Dubilier and Rice, which bought VWR in 2004 (see IBO 2/15/04), had hoped to take the company public, but market conditions had deterred those plans.
West Chester, PA 3/12/07—VWR International, the largest independent distributor of laboratory products and services, has announced that it has retained Goldman Sachs & Co. and Banc of America Securities to explore strategic options. “As this process moves forward, we remain committed to maintaining our strong relationships with our customers and suppliers and to the continued growth of our business,” stated VWR President and CEO John Ballbach.
