Combining the Strengths of ERA and APG Provides Labs with Leading Regulatory Compliance and Pioneering Proficiency Testing Support
MILFORD, Mass.--(BUSINESS WIRE)--Dec. 5, 2008--Waters Corporation (NYSE:WAT) today announced that it has completed the purchase of the net assets of Analytical Products Group, Inc. (APG) of Belpre, Ohio, for an undisclosed amount. Waters(R) will immediately merge APG into its existing Environmental Resource Associates (ERA) operations to form the world's most comprehensive environmental proficiency testing (PT) and reference materials partner. Current annual revenues for APG are approximately $4 million and the acquisition is expected to be neutral to Waters Corporation's 2009 earnings.
Existing and prospective laboratory customers stand to benefit significantly through expanded availability of superior laboratory standards, access to an innovative and secure data system, and the assurance of leading regulatory and quality systems tools.
"Long recognized for its leading regulatory compliance business, ERA is complemented perfectly by APG's strengths in quality improvement through proficiency evaluation," said Carl Craig, President, Environmental Resource Associates for the Waters Division.
About Waters Corporation: (www.waters.com)
Waters Corporation creates business advantage for laboratory-dependent organizations by delivering practical and sustainable innovation to enable significant advancements in such areas as healthcare delivery, environmental management, food safety, and water quality worldwide.
Pioneering a connected portfolio of separations science, laboratory information management, mass spectrometry and thermal analysis, Waters technology breakthroughs and laboratory solutions provide an enduring platform for customer success.
With revenue of $1.47 billion in 2007 and 5,000 employees, Waters is driving scientific discovery and operational excellence for customers worldwide.
Waters is a trademark of Waters Corporation.
CONTACT: Investor Contact:
Gene Cassis, 508-482-2349
Corporate Vice President, Worldwide Business Development
Jeff Tarmy, 508-482-2268
Source: Waters Corporation