Wheaton Joins the Duran Group
Wheaton Industries has 300 employees, according to a spokesperson. She told IBO, “While both companies are active in the laboratory, medical devices and pharmaceuticals markets, they complement each other with regard to their products and target markets.“ The acquisition builds Duran’s US business and integrates two well-known brands. Among Wheaton’s laboratory product lines are glass and plastic vials, and cell-culture products.
Frankfurt, Germany 9/15/15; Millville, NJ 9/15/15—Duran Group, a portfolio of companies advised by One Equity Partners Capital Advisors (OEP), has acquired laboratory glassware supplier Wheaton from Incline Equity Partners for an undisclosed amount. Wheaton provides glassware and plasticware in North America for life science R&D, IVD and medical packaging. Earlier this year, One Equity closed the purchase of Duran, a European provider of lab glassware (see IBO 12/15/14). “Wheaton and Duran are both strong and well-established brands, which are highly complementary in terms of their focus markets and product portfolios,” said Dr. Jörg Zirener, partner at OEP. “We are confident that the combination of the two companies will help them to expand their market positions in the life science sector and to realize attractive cross selling synergies for their international clients.” Wheaton’s management team will remain in place.
