VWR acquires Hungarian distributor.
West Chester, PA 8/4/08 -- VWR International has acquired
Spektrum-3D Kft, a laboratory supply distributor based in Debrecen,
Hungary. Financial terms were not disclosed. The company's products
include chemicals, consumables, furniture, equipment and instruments.
"This acquisition demonstrates our ongoing commitment to the
Central and Eastern European markets and our intention to expand our
product and service offerings globally," commented Manuel Brocke-
Benz, VWR senior vice president and managing director of European
Operations. "VWR started penetrating these markets a number of
years ago through our export operations but have successfully developed
a local supply chain in recent years to provide improved service to our
valued customers."
Spektrum was established in 1991 and has approximately HUF 2
billion ($13.5 million) in annual sales and 54 employees, according to
the website Portfolio.hu. The acquisition continues VWR's recent
pattern of buying European distributors. In the last year, the company
has purchased three such companies.
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