Avantor is a global manufacturer of performance materials and chemicals for leading-edge pharmaceutical, biopharmaceutical, laboratory, research and electronics applications. The Company’s product line includes more than 12,000 different products marketed around the world under several respected brand names – including the J.T.Baker®, Macron Fine Chemicals™, BeneSphera™, Rankem™, Diagnova™ and POCH™ brands. The Company sells its products to approximately 10,000 end-customers in over 100 countries and has a premium reputation for meeting the highest standards of quality, regulatory compliance and technological innovation. Based in Center Valley, PA, Avantor has facilities worldwide, with manufacturing sites located in Phillipsburg, NJ; Paris, Kentucky; Deventer, The Netherlands; Mexico City, Mexico; Gliwice, Poland; and Dehradun, India.
New Mountain identified Avantor as part of a proactive “deep dive” into the specialty chemicals and materials sector with a team that included Raj Gupta. Mr. Gupta was formerly Chairman and CEO of Rohm and Haas and joined New Mountain as a Senior Advisor in March 2009 after helping to successfully sell Rohm and Haas to Dow Chemical for approximately $19 billion. As a result of this proactive work, the firm developed a network of management, banking and advisory relationships in this space and was introduced to the Company. New Mountain’s team then worked closely with the management of the Company over a period of twelve months of intensive due diligence to acquire the Company outside of an auction process.