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Thermo Fisher Scientific sells Cole-Parmer to GTCR for $480 mn

Cole-Parmer is a provider of fluid handling, test and measurement, and electrochemistry products and services

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Cole-Parmer's LC2 System, a fully-integrated HPLC system

Last Updated : Aug 19 2014 | 10:19 PM IST

Thermo Fisher Scientific Inc has completed its earlier announced deal to sell its Cole-Parmer customer channel business to private equity firm GTCR LLC for approximately $480 million in cash. On July 17, 2014, Thermo Fisher Scientific had signed a definitive agreement to sell its Cole-Parmer channel business to GTCR Llc.
 
Cole-Parmer, based in Vernon Hills, Illinois, is a provider of fluid handling, test and measurement, and electrochemistry products and services with 400 employees globally. The business had approximately $230 million in revenues for full year 2013 and is part of Thermo Fisher’s Laboratory Products and Services Segment.

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First Published: Aug 19 2014 | 10:17 PM IST

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