Merger creates global leader in life science and advanced technology materials
The merger of Avantor Performance Materials and NuSil Technology has been successfully completed. The intent to merge was announced on 31 August 2016. Terms of the transaction were not disclosed.
Michael Stubblefield, who has served as CEO of Avantor Performance Materials since 2014, will serve as CEO of the combined entity. New Mountain Capital, the majority owner of both legacy companies, remains as the majority owner post-merger.
'Avantor and NuSil are leaders in their industries, known for working side-by-side with customers to innovate high quality products and materials that meet their most stringent requirements,' said Stubblefield. 'I look forward to working with our global team to build on this longstanding commitment, while realising the significant growth opportunities that this merger offers for Avatar.'
The combined company becomes the global leader in ultra-high-purity materials for the life sciences and advanced technology markets. Avantor provides performance materials and solutions for the production and research needs of more than 6500 customers across the biotechnology, pharmaceutical, medical device, diagnostics, aerospace & defence, and semiconductor industries.
The company’s product portfolio includes more than 30,000 products that meet increasingly stringent standards across technology driven and highly regulated markets.
Avantor manufactures and markets its products around the world under several respected brand names. Avantor’s brands of performance chemistries include the J.T.Baker, Macron Fine Chemicals, Rankem, BeneSphera and POCH brands. Avantor’s brands of advanced silicones include the NuSil, Trelyst, CareSil and MediSil brands.