Add-on Acquisition • Manufacturing

Avantor Acquires RIM Bio

On June 1, 2021, Avantor acquired manufacturer RIM Bio

Acquisition Context
  • This is Avantor’s 1st transaction in the Manufacturing sector.
  • This is Avantor’s 1st transaction in China.

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M&A Deal Summary

Date June 1, 2021
Target RIM Bio
Sector Manufacturing
Buyer(s) Avantor
Deal Type Add-on Acquisition

Target Company

RIM Bio

China
RIM Bio is a manufacturer of single-use bioprocess bags and assemblies for biopharmaceutical manufacturing applications.
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Buyer Overview 1

Buyer

Avantor

Radnor, Pennsylvania, United States

Category Company
Founded 1904
Sector Chemicals
Employees13,500
Revenue 6.8B USD (2024)
DESCRIPTION

Avantor is a provider of ultra-high purity materials and customized solutions to customers in the life sciences and advanced technology markets. Avantor was incorporated in 1904 and is based in Radnor, Pennsylvania.


Deal Context for Buyer #
Overall 6 of 7
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 5 of 5
Country: China 1 of 1
Year: 2021 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 Ritter

Schwabmünchen, Germany

Ritter is a manufacturer of robotic and liquid handling consumables, including conductive tips engineered to exacting standards. Ritter's high-precision manufacturing footprint includes 40,000 square meters of specialized production space and 6,000 square meters of ISO Class 8 cleanrooms that provide significant capacity for continued growth. Much of Ritter's current business is focused on serving diagnostic system providers and liquid handling OEMs. Ritter is based in Schwabmünchen, Germany.

Buy €890M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Masterflex Bioprocessing

Vernon Hills, Illinois, United States

Masterflex Bioprocessing is a provider in peristaltic and single-use bioprocessing solutions including the industry-leading Masterflex® and Ismatec® range of peristaltic pumps, the MasterflexLive® connected products, pump and transfer tubing, flow meters and single-use components and assemblies. Masterflex Bioprocessing is based in Vernon Hills, Illinois.

Buy $2.9B