Shearman & Sterling advised the lenders on the financing of the acquisition of Kimble Chase Life Science, one of the leading manufacturers of laboratory and scientific glassware, by Duran Group, a portfolio company of One Equity Partners. The transaction is subject to merger approval.
Kimble Chase, headquartered in Rockwood, Tennessee, has production sites in the US, Europe and Asia and around 760 employees worldwide. The company offers a comprehensive and broad range of reusable, disposable and specialty products for the pharmaceutical, environmental, petrochemical, life sciences, education and chromatography segments.
Duran Group is a worldwide leading manufacturer of borosilicate glass, a special glass for producing laboratory glassware and used in chemical engineering and the industrial sector. It operates manufacturing sites in Germany, US, UK, Croatia and India. The acquisition of Kimble Chase enables Duran Group to strengthen its market position in the US and to increase its global presence.