Honeywell Agrees to Acquire Sigma-Aldrich's Research Chemical Business
20 Ottobre 2015 - 1:48PM
Dow Jones News
By Ezequiel Minaya
Honeywell International Inc. said Tuesday that it has signed an
agreement to acquire the Germany-based research chemical business
of Sigma-Aldrich Corp., a U.S. supplier of laboratory testing
materials, in a deal worth 105 million euros($119.5 million).
The business, based in Seelze, Germany, makes research chemicals
and other materials used in new drug discovery and medical
diagnostic testing, among other laboratory applications. The
business will be folded into Honeywell's Fine Chemicals arm.
Further terms of the deal weren't disclosed. The agreement is
pending regulatory review.
Darius Adamczyk, CEO of Honeywell Performance Materials and
Technologies, said the deal will give Honeywell a broader line of
inorganic chemicals and solvents for applications ranging from
pharmaceutical drug discovery to medical diagnostic testing.
The transaction will bring three notable research chemical
brands into the Honeywell stable, including Fluka, Hydranal and
Chromasolv, which have a range of uses including drug synthesis,
food, environmental, chemical and forensic testing.
Honeywell has made over 84 acquisitions in the 13 years under
its chairman and chief executive David Cote, adding about $12
billion in annual sales and ending up with a stable of about 65
brands.
Write to Ezequiel Minaya at Ezequiel.Minaya@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 20, 2015 07:33 ET (11:33 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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