Merck KGaA, Darmstadt, Germany Completes Millipore Acquisition And Launches New EMD Millipore Division (Merck Millipore Division Outside U.S. And Canada)
EMD Millipore will consist of three business units – Bioscience, Lab Solutions and Process Solutions – and each unit will itself comprise a number of key focus areas, known as business fields.
Integration planning progressing well: senior management team appointed
To ensure a swift and smooth integration, EMD Millipore has made significant progress on the integration planning process and has appointed the senior management team.
Following Merck’s “best-of-both-worlds” integration approach across all operating business functions, the leaders for EMD Millipore are drawn from both companies: Jon DiVincenzo (currently President of Millipore’s Bioscience Division) will head up the Bioscience Business Unit; Klaus R. Bischoff (currently President of the Merck’s Performance & Life Science Chemicals Division) will lead the Lab Solutions Business Unit; Jean-Paul Mangeolle (currently President of Millipore’s Bioprocess Division) will be the new head of the Process Solutions Business Unit; and Peter C. Kershaw (currently Corporate Vice President of Global Operations at Millipore) will head Operations.Martin Madaus, CEO of Millipore, will not be joining EMD Millipore but will be available as an advisor during the integration process. Charles Wagner, the CFO of Millipore, and Bruce Bonnevier, Corporate Vice President for Human Resources at Millipore, will leave the company. Joerg Hornstein, Chief Financial Officer for Merck Serono in China, has been appointed as the new Head of Controlling for EMD Millipore; Toni Spinazzola, Vice President for Human Resources at Millipore, will become Head of Human Resources for EMD Millipore. Merck expects that the majority of the integration decisions will be made by the end of 2010. As already announced, Merck expects the combined business to generate annual cost synergies of around $100 million, which Merck expects to realize within three years from the closing of the transaction. New Performance Materials division created The second Chemicals division of Merck, Performance Materials, will be led by Walter Galinat, currently head of the Liquid Crystals division. It will comprise Merck’s current Materials businesses and activities - i.e. Liquid Crystals, Pigments and Cosmetics businesses.
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