Thermo Fisher Scientific to Divest Cole-Parmer
By

Thermo Fisher Scientific Inc. has signed a definitive agreement to sell its Cole-Parmer channel business to private equity firm GTCR, LLC for $480 million in cash.

Cole-Parmer, based in Vernon Hills, Illinois, is a provider of fluid-handling, test and measurement, and electrochemistry products and services with 400 employees globally. The business had approximately $230 million in revenues for full year 2013 and is part of Thermo Fisher's Laboratory Products and Services Segment.

Thermo Fisher anticipates closing the transaction in the third quarter, subject to customary closing conditions and applicable regulatory approval.

Source: Thermo Fischer

Leave a Reply

Your email address will not be published. Required fields are marked *