OpenGate Capital, LLC, a private investment and acquisition firm, announced
today it has acquired the Laboratory (“Lab”) Workstations business from Thermo
Fisher Scientific Inc. 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.”
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