Germany“s Gerresheimer has agreed with the US company Thermo Fisher Scientific Inc. (TMO) to set up a New Jersey-based joint venture company under the name “Kimble/Chase Life Scienceware LLC”. Gerres…
Germany“s Gerresheimer has agreed with the US company Thermo Fisher Scientific Inc. (TMO) to set up a New Jersey-based joint venture company under the name “Kimble/Chase Life Scienceware LLC”. Gerresheimer will contribute its life-science business to the new company in parallel with certain laboratory glassware product lines of Thermo Fisher Scientific, creating one of the leading worldwide producers of special glass products in the life-science research sector, according to the German firm. Gerresheimer has a majority in the new joint venture company with 51% of the shares. It will employ around 1,500 people in 7 plants in the USA, Mexico, China and Germany. The closing of the joint venture is subject to customary conditions, including applicable regulatory approvals. A joint venture with Thermo Fisher Scientific for life-science products in the area of marketing and distribution has existed since 2001. “The new agreement provides an ideal combination which makes us a top global supplier in the important market segment of life-science research,” says Dr. Axel Herberg, President and CEO of the Gerresheimer Group. Gerresheimer contributes production facilities in the USA, Mexico and China, while Thermo Fisher contributes production facilities in the USA and Germany. The new joint venture company “Kimble/Chase Life Scienceware” complements the Gerresheimer range of products based on glass and plastic and marks an important step for Gerresheimer in its targeted development into a global pharma/life-science group, the company said. The products of the new joint venture are used in industrial pharmaceutical R & D. They are supplied under the Kimble, Kontes and Bomex trademarks, amongst others.