Thermo to Sell Cole-Parmer for $480M
News Jul 21, 2014
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.
Thermo Fisher anticipates closing the transaction in the third quarter, subject to customary closing conditions and applicable regulatory approvals. The company expects an immaterial impact to 2014 adjusted earnings per share and will update annual guidance in its second quarter earnings release on July 23.
A team led by Johns Hopkins Medicine researchers says it has identified two protein biomarkers in urine that may one day be used to better diagnose acute interstitial nephritis, an underdiagnosed but treatable kidney disorder that impairs renal function in the short term and can lead to chronic kidney disease, permanent damage or renal failure if left unchecked.READ MORE