RADNOR, Pa., Sept. 12, 2012 /PRNewswire/ -- VWR International, LLC, a leading global distributor of laboratory supplies and services, announced today the acquisition of Sovereign Group, a distributor of lab products with distribution centers and sales organizations in Brazil and Argentina.
The acquisition of Sovereign significantly increases VWR's breadth of operations, expanding its geographic footprint into Brazil and Argentina as well as strengthening its reach into the biotechnology, pharmaceutical, education and government market segments in Latin America.
"This acquisition allows us to better serve our global customers in Brazil and Argentina as their demands continue to increase," said Ted Pulkownik, Senior Vice President of Strategy and Corporate Development. "Beyond key customer needs and overall business objectives, this acquisition is also a strategic investment in the future as our Latin American business opportunities continue to grow."
Financial details of this acquisition remain confidential.
About VWR International, LLC
VWR International, LLC, headquartered in Radnor, Pennsylvania, is a global laboratory supply and distribution company with worldwide sales in excess of $4.1 billion in 2011. VWR enables the advancement of the world's most critical research through the distribution of a highly diversified product line to most of the world's top pharmaceutical and biotech companies, as well as industrial, educational and governmental organizations. With over 150 years of industry experience, VWR offers a well-established distribution network that reaches thousands of specialized labs and facilities spanning the globe. VWR has over 8,000 associates around the world working to streamline the way researchers across North America, Europe, and Asia stock and mainta
|SOURCE VWR International, LLC|
Copyright©2012 PR Newswire.
All rights reserved