Thermo Fisher Scientific, a provider of scientific instruments, has purchased Doe & Ingalls Management for about $175m in cash.
Doe & Ingalls will become part of the customer channels division of Thermo Fisher's laboratory products and services business.
Doe & Ingalls, based in Durham, North Carolina, manufactures specialty chemicals and provides supply-chain services to life science and microelectronics industries.
Doe & Ingalls CEO John Hollenbach said, "We look to continually expand our service offering to our customers and to grow the businesses of our suppliers. We have enjoyed the relationship with our private equity partners who have been valuable advisors to management."
Source:
http://specialitychemicals.pharmaceutical-business-review.com/news/thermo-fisher-scientific-takes-over-doe-ingalls-management-040512
