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Avantor Acquires RIM Bio; Expands Bioproduction Footprint into China
- Changzhou, China operations become Avantor's first single-use production facility in AMEA region; doubles Avantor's global single-use cleanroom space
- Adds proprietary technologies to Avantor's bioprocessing manufacturing capabilities to meet growing global demand for single-use solutions
RADNOR, Pa. and SHANGHAI, June 2, 2021 - (ACN Newswire) - Avantor, Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences and advanced technologies & applied materials industries, announced today that it has acquired RIM Bio, a leading China-based manufacturer of single-use bioprocess bags and assemblies for biopharmaceutical manufacturing applications.
RIM Bio provides a complete range of single-use products manufactured in ISO 7 Class 10,000 cleanroom facilities
Rim Bio's proprietary technology provides single use bioprocess customers with differentiated product offerings
RIM Bio's Changzhou, China facility is Avantor's first single-use production plant in the AMEA region, building on the company's existing global single-use manufacturing network in the Americas and Europe and greatly increasing capacity to meet growing global demand in bioprocessing. Avantor will leverage RIM Bio's proprietary technologies and best-in-class lead times to provide single-use customers with a differentiated offering.
Dr. Ger Brophy, Executive Vice President, Biopharma Production at Avantor, said, "Adding RIM Bio enables Avantor to better serve our customers by expanding our single-use manufacturing, distribution, and cleanroom capabilities to the AMEA region. RIM serves as an anchor for us to build our presence in this key region, as we better position Avantor to capture long-term opportunities in the growing, global Bioproduction space."
Established in 2009, RIM Bio provides a complete range of single-use 2D bags, 3D bags, tank liners, bag assemblies and multi-bag manifolds used in the manufacturing of biologics including monoclonal antibodies (mAbs), vaccines, cell and gene therapies, and recombinant proteins.
This acquisition marks another major investment in China. In December 2019, the company opened its Shanghai Innovation & Customer Support center, a dedicated bioprocessing facility focused on research, application development and process optimization solutions for biopharma companies across AMEA.
About Avantor
Avantor, a Fortune 500 company, is a leading global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. Our portfolio is used in virtually every stage of the most important research, development and production activities in the industries we serve. Our global footprint enables us to serve more than 225,000 customer locations and gives us extensive access to research laboratories and scientists in more than 180 countries. We set science in motion to create a better world. For more information, please visit www.avantorsciences.com.
Forward-looking statements
This press release contains forward-looking statements. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our announced transaction with Ritter as well as our financial condition, results of operations, plans, objectives, future performance and business. These statements may be preceded by, followed by or include the words "aim," "anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely," "outlook," "plan," "potential," "project," "projection," "seek," "can," "could," "may," "should," "would," "will," the negatives thereof and other words and terms of similar meaning.
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Media Contact
Christina Koh
Director Communications - AMEA
+65 9720 0169
christina.koh@avantorsciences.com
Investor Relations Contact
Tommy Thomas
Vice President, Investor Relations
+1 781 375-8051
Tommy.Thomas@avantorsciences.com
SOURCE: Avantor and Financial News
Source: Avantor
Sectors: BioTech, Healthcare & Pharm, Local Biz
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