VWR Corporation (NASDAQ:VWR) announced opening of a new kitting center in Skalice, Czech Republic on the eve of the company to be taken over by Avantor. Per VWR, this new 35,000 square foot facility is strategically located and will be helpful for the company’s business in the high-prospect EMEA (Europe, the Middle East and Africa) region.
Notably, this new center will particularly help expand Therapak’s (acquired by VWR in 2016) existing footprint in Europe with advanced facility and comprehensive kitting services for regional as well as global customers.
Location wise, this new center will assist the company’s VWRCATALYST offering to grow. This apart, proximity of this site to major industrial freight carrier hubs will enhance service levels compared with VWR’s current model. The facility will be fully operational on Oct 2, 2017.
Notably, VWRCATALYST Clinical and Biorepository Services lend a complete solution to its global regulated research and product development clients in the pharma, biopharma, manufacturing and clinical trial industries. Earlier in 2017, VWRCATALYST acquired laboratory and medical equipment, plus the ancillary supplier MESM and an international biorepository services organization, EPL Archives.
In this regard we note that over the last couple of years, VWR’s EMEA-APAC (Asia Pacific) segment has been experiencing an increase in comparable net sales, backed by several strategic initiatives implemented in recent times. This includes a series of plans to significantly upgrade its information technology infrastructure, optimize distribution network and modify marketing schemes.
In the recently-reported second quarter, on an organic basis, net sales in EMEA-APAC improved 2.7%. Going forward, management expects the EMEA-APAC segment to continue its run of strong historical progress.
However, the presence of a large number of players has made the medical devices market intensely competitive. In general, VWR competes with players like Thermo Fisher Scientific (NYSE:TMO) , Agilent Technologies, Inc. (NYSE:A) and PerkinElmer, Inc. (NYSE:PKI) .
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Thermo Fisher Scientific Inc (TMO): Free Stock Analysis Report
PerkinElmer, Inc. (PKI): Free Stock Analysis Report
VWR Corporation (VWR): Free Stock Analysis Report
Agilent Technologies, Inc. (A): Free Stock Analysis Report
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