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VWR International, LLC, Radnor, PA, a distributor of laboratory supplies and services, has acquired Sovereign Group, a distributor of lab products with distribution centers and sales organizations in Brazil and Argentina.
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The acquisition of Sovereign increases VWR's operations, expanding its geographic footprint into Brazil and Argentina as well as strengthening its reach into the biotechnology, pharmaceutical, education and government market segments in Latin America.
"This acquisition allows us to better serve our global customers in Brazil and Argentina as their demands continue to increase," said Ted Pulkownik, senior vice president of strategy and corporate development. "Beyond key customer needs and overall business objectives, this acquisition is also a strategic investment in the future as our Latin American business opportunities continue to grow."
VWR International had annual sales of more than $4.1 billion in 2011.