Thermo to Sell Cole-Parmer for $480M

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.