VWR Corporation will continue to grow through acquisitions and the strong dollar is not weighing down the lab equipment seller in Europe, said the company’s CEO Manuel Brocke-Benz. Brocke-Benz added that the company’s pharmaceutical division has been its fastest grower. With regard to its acquisition strategy, Brocke-Benz said VWR buys regional players mostly in special situations and prices have not risen prohibitively. VWR is still heavily owned by private equity player Madison Dearborn, which Brocke-Benz calls a very supportive partner. Finally, he said VWR has a manageable leverage ratio and has been working down its debt load.
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