Thermo Fisher Scientific Acquires Production Chemicals Channel, Doe & Ingalls
Thermo Fisher Scientific has announced that it has acquired Doe & Ingalls Management, a provider of specialty production chemicals and customized supply-chain services to the life sciences and microelectronics industries, for approximately $175 million in cash. Based in Durham, NC, Doe & Ingalls operates service centers in key biopharma and microelectronics hubs in North America. The business generated 2011 revenue of approximately $110 million.
“Doe & Ingalls’ comprehensive line of production chemicals and related services is highly complementary to our industry-leading channel capabilities, and will enhance the growth opportunities across both portfolios,” said Marc N. Casper, president and chief executive officer of Thermo Fisher Scientific. “Doe & Ingalls will strengthen our value proposition by adding products and services that address the production market within our extensive customer base, which we have historically served primarily from a research perspective.”
Doe & Ingalls’ robust production chemicals portfolio is supported by a state-of-the-art supply-chain network that serves a large base of customers in life sciences and advanced technology markets and is ISO 9001:2008 and cGMP compliant. Its MOR, Smart Sourcing and Streamline service offerings are specifically designed to manage risk, quality and total cost in the chemical supply chain associated with production activities.
Doe & Ingalls will be part of Thermo Fisher’s Customer Channels business within its Laboratory Products and Services Segment.