Apogent Technologies Inc. Announces Three Transactions With Kimble Glass Inc.Business/Technology Editors BIOWIRE2K PORTSMOUTH, N.H.--(BW HealthWire)--Aug. 16, 2001 Apogent Technologies Inc. (NYSE NYSE See: New York Stock Exchange :AOT AOT Agency of Transportation (Vermont, USA) AOT Ahead-of-Time AOT Assisted Outpatient Treatment AOT Aerosol Optical Thickness AOT All of Them (band) AOT As Opposed To AOT Among Other Things ) and Gerresheimer Glas A.G. announced today that Apogent's subsidiary Nalge Nunc International Corporation (NNI (1) (Network-to-Network Interface) In ATM networking, the interface between two ATM devices (typically ATM switches). In frame relay networking, the interface between two separate frame relay networks. Contrast with UNI. ) and Kimble Glass Inc., a Gerresheimer company, have entered into a sales and marketing joint venture for Kimble's reusable glassware, Kontes' specialty and certain disposable glass and plastic products. Also, National Scientific Company (National) has acquired Kimble's chromatography vial vial a small bottle. product line, including vial inserts and accessories. Chase Scientific Glass, Inc. (Chase) has acquired the disposable glass Pasteur pipette Pasteur pipettes, also known as droppers or eye droppers, are used to transfer small quantities of liquids. They are usually glass tubes tapered to a narrow point, and fitted with a rubber bulb at the top. Pasteur pipettes come in various lengths. and perfume sampler sampler, sample piece of needlework or embroidery, of silk, cotton, or worsted, for the preservation of some pattern or as an example of the ability of a child or a beginner. In museums and private collections there are samplers dating from as early as 1643. vial product lines from Kimble Glass. Kimble Glass Inc. is a company of the Gerresheimer Group, a global pharmaceutical and cosmetics glass and packaging company based in Dusseldorf, Germany. Kimble Glass, headquartered in Vineland, New Jersey For other uses, see Vineland (disambiguation). Vineland is a city in Cumberland County, New Jersey, United States. As of the United States 2000 Census, the city had a total population of 56,271. , manufactures glass tubing and fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: glass products for pharmaceutical, scientific and educational applications worldwide. Kimble is a key supplier of reusable, disposable and specialty glassware to the laboratory market. Kimble's science products business unit has strong brand recognition and is highly regarded for its quality. Through its NNI subsidiary, Apogent is an industry leader in the supply of plastic products to the laboratory market worldwide. The NNI-Kimble joint venture will enable NNI to offer one-stop shopping for glass and plastic reusable, disposable and specialty labware. In addition to streamlining product offerings and operations, the alliance will enhance the range and availability of glass and plastic laboratory products for customers. The joint venture also will enable NNI and Kimble to achieve operating efficiencies by combining product servicing, marketing and sales functions. National is a major supplier of chromatography vials. National will use the acquisition of the Kimble chromatography products to expand its customer base. After the acquisition, Kimble will supply National with vials and inserts, enabling National to have access to a low-cost supplier of these products. National expects to achieve approximately $6.5 million in sales revenues over the next twelve months for the acquired chromatography products. Chase is a leading manufacturer of disposable glass products. In April 2001, Chase acquired Kimble's disposable glass culture tube product line and consolidated this product line into Chase's Rockwood, Tennessee Rockwood is a city in Roane County, Tennessee, United States. Its population was 5,774 at the 2000 census. It is included in the "Harriman, Tennessee Micropolitan Statistical Area". Its motto is "the place to be in Tennessee". facility. With today's acquisition, Chase will further strengthen its position in the disposable glassware market and will improve plant/equipment utilization and overhead absorption. Chase anticipates that sales revenues for the acquired disposable products Disposable products are items that are not intended by the manufacturer to be reused more than once or a few times as compared to more permanent serviceable and reusable items. Some products that have disposable versions are:
Robert Ahlgren, President of NNI, stated that: "Partnering with Kimble to have a complete product offering in reusable and disposable glassware for the laboratory market will enhance NNI's extensive product portfolio. In addition, this alliance venture will allow NNI to provide a single-source solution to the laboratory customer via distribution." Commenting on the chromatography products acquisition, Mr. Ahlgren continued: "Acquiring the Kimble-brand chromatography product line will expand National's presence within this market segment. Also, National will increase its product offering to its current customer base." With regard to the disposable products transaction, Steve Wiatt, President of Apogent's Industrial Glass Products Group, observed: "This acquisition is a continuation of our efforts to consolidate disposable glassware and position Chase as a world leader in this market." Donald C. Devine, Kimble's President, stated: "We are very excited about the opportunity to partner with NNI to promote and manage Kimble's "KIMAX" and "KONTES" brands of glassware for the laboratory market. With these transactions, Kimble will be in a stronger position to focus on its pharmaceutical packaging and tubular glass business units." Gerresheimer's Chief Executive Officer, Dr. Axel Axel: see Absalon. Herberg, stated: "The Kimble-NNI joint venture will clearly enhance our market position in worldwide laboratory markets. We are sure that the combination of the strengths of NNI and Kimble will create significant value for our customers and shareholders." Commenting on all of the Kimble transactions, Apogent's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Frank H. Jellinek, Jr. said: "Kimble's strong brand recognition and complementary lines of glass labware support NNI's strategic direction towards maintaining a significant presence in the laboratory market. With the acquisition of the Kimble Chromatography Products and Disposable Products, we will continue to strengthen our market positions while achieving greater operating efficiencies." BUSINESS DESCRIPTION Apogent's subsidiaries design, manufacture and market value-added laboratory and life science products for the clinical, research and industrial markets, worldwide. The Company's lines of business include Labware and Life Sciences, Diagnostics and Microbiology microbiology: see biology. microbiology Scientific study of microorganisms, a diverse group of simple life-forms including protozoans, algae, molds, bacteria, and viruses. , Clinical and Industrial, and Laboratory Equipment. Apogent's broad array of industry leading products include Nalge Nunc International reusable and disposable multi-well plates and plastic labware; Microgenics drug testing products; Applied Biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. rapid diagnostic tests; Erie Scientific coated and printed glass for clinical diagnostics and microarray applications; Richard-Allan Scientific histology histology (hĭstŏl`əjē), study of the groups of specialized cells called tissues that are found in most multicellular plants and animals. and immunohistochemistry consumables and equipment; and Barnstead Thermolyne laboratory equipment and water systems. NOTE REGARDING FORWARD-LOOKING STATEMENTS forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains forward-looking statements as defined under Federal securities laws, including statements concerning the Company's strategic and financial goals and market growth. These and other statements that relate to future results and events are based on the Company's current expectations. Actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties, including the level of demand for the Company's products; currency fluctuations; the intensity of competition; and other factors affecting the Company's business and prospects discussed in the Company's filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-look statement, whether as a result of new information, future events or otherwise. |
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