OpenGate Capital Acquires Lab Workstations Business from Thermo Fisher Scientific
OpenGate Capital, LLC, a private investment and acquisition firm, announced today it has acquired the Laboratory (“Lab”) Workstations business from Thermo Fisher Scientific Inc. (NYSE: TMO). Lab Workstations is a leading designer, manufacturer and installer of laboratory furniture, fume hoods and epoxy resin tops. No financial terms were disclosed.
Andrew Nikou, OpenGate Capital's founder, Managing Partner and CEO stated, “We are extremely pleased to have worked with Thermo Fisher on this divestiture. We view the Lab Workstations business as an extraordinary opportunity for our team to apply our operational know-how and maximize the efficiencies of the business. I am confident that great value will be created as this acquisition sits perfectly in our wheel house of expertise; from transitioning and operating a niche manufacturing business, to satisfying existing and new customer orders, and integrating approximately 1,800 employees into our family of companies. We are committed to investing significant human and financial capital and look forward to building upon the inherent successes of the business.”
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.