Private equity firm completes acquisition of VWR International

By Lisa Kerner

Charlotte, N.C., June 29 - VWR International, Inc. has been acquired by an affiliate of Madison Dearborn Partners.

On May 2, VWR announced that its parent company, CDRV Investors, an affiliate of Clayton, Dubilier & Rice, entered into a definitive agreement for the sale of the company to Madison Dearborn; however, specific details were not disclosed.

"We appreciate the support and guidance that our prior private equity sponsor, Clayton, Dubilier & Rice, Inc., provided to VWR over the last three years," VWR president and chief executive officer John Ballbach, said in a company news release.

"We look forward to continuing to execute our strategy working with Madison Dearborn and strengthening our position as a market leader."

Ballbach is slated to become the chairman of the company's board of directors.

On March 12, VWR said it was exploring strategic options for the company.

Madison Dearborn Partners is a private equity investor based in Chicago.

VWR is a Westchester, Pa., supplier to the research laboratory industry.

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