Avantor
| NYSE: AVTR | |
| Industry | Specialty Chemicals and Laboratory Supplies |
Key people | Michael Stubblefield, CEO and President |
| Brands | VWR International J.T. Baker |
| Owner | New Mountain Capital (19%) Funds advised by Goldman Sachs (13%) [1] |
| Website | www |
Avantor is a chemicals and materials company headquartered in Radnor, Pennsylvania. The company ranked 484th on the 2020 Fortune 500,[2] based on its 2019 sales.
History
In 1904, John Townsend Baker founded the chemical company J.T. Baker. The company was acquired by Procter & Gamble in 1985, and was subsequently sold to Mallinckrodt in 1995. In 2017, Avantor acquired VWR International.[3] The combined company operates under the Avantor name, with VWR and vwr.com remaining as a selling channel.
Avantor had its initial public offering in May 2019.[4]
Controversy
On August 26, 2020, Bloomberg News implicated Avantor, Celanese, and Eastman Chemical Company in the U.S. opioid epidemic.[5] Bloomberg claims acetic anhydride produced and sold by the three companies in Mexico is used illicitly by drug traffickers to convert crude opium into heroin.[5] Bloomberg alleged the J.T. Baker label of acetic anhydride is highly regarded by drug traffickers.[5]
References
- ^ 2020 Proxy statement
- ^ Fortune .com
- ^ Harris, Jon. "Center Valley's Avantor involved in $6.4B deal that could create Fortune 500 company". Lehigh Valley Business Cycle. Retrieved 2018-06-08.
- ^ "Overview | Nasdaq".
- ^ a b c "Heroin's Hidden Ingredient Is a Chemical Made by U.S. Companies". Bloomberg.com. 2020-08-26. Retrieved 2020-09-07.
External links
- Official website
- Business data for Avantor, Inc.: