Disposal of Basan UK Limited
HMT advised Cleanroom Products (Holdings) Limited on the disposal of Basan UK Limited (“Basan”), a leading supplier of cleanroom consumables and equipment for the pharmaceutical, medical, engineering and food industries, to VWR International LLC (“VWR”), a supplier and distributor of scientific supplies to the research laboratory market.
Basan, based in Basingstoke, Hampshire, is the UK’s largest specialist cleanroom distributor, with 25 years in the cleanroom market and a client base spanning across the pharmaceutical, medical device, biotechnology, microelectronics, semiconductor, optical, automotive, precision engineering, plastic moulding and food sectors. The business provides laboratory products, apparel, tools, packaging and furniture to a notable client base that includes the NHS and GlaxoSmithKline.
VWR, headquartered in Pennsylvania, USA, is a global provider of critical products to the world’s top companies in the pharmaceutical, biotech, industrial, educational, governmental and healthcare industries, with over 8,000 associates in more than 30 countries and turnover in excess of $4 billion.
Jez Quigg, Associate Director at HMT, commented:
“We were delighted to be able to work with Cleanroom Products to help to achieve the sale of Basan UK to VWR. This acquisition gives a greater foothold into the clean room sector for VWR.”
Andrew Bird, Director at Cleanroom Products (Holdings) Limited, commented:
“It was a pleasure to work with Jez and the team at HMT who gave pragmatic and commercial advice. We were most impressed at their ability to work within the very short timescale that the deal demanded.”