Avantor

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.

Avantor
NYSE: AVTR
IndustrySpecialty Chemicals and Laboratory Supplies
Key people
Michael Stubblefield, CEO and President
BrandsVWR International J.T. Baker
OwnerNew Mountain Capital (19%)
Funds advised by Goldman Sachs (13%) [1]
Websitewww.avantorsciences.com

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
  1. 2020 Proxy statement
  2. Fortune .com
  3. 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.
  4. "Overview | Nasdaq".
  5. "Heroin's Hidden Ingredient Is a Chemical Made by U.S. Companies". Bloomberg.com. 2020-08-26. Retrieved 2020-09-07.
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