Avantor completed the acquisition of Ritter for €890m.

Avantor, a global provider of mission-critical products and services to customers in the life sciences and advanced technologies & applied materials industries, completed the acquisition of Ritter, a plastic fabrication company in Langerringen, Germany, for €890m ($1.1bn). "The acquisition of Ritter marks the next step in the ongoing transformation of Avantor. The combination will significantly expand our proprietary offering to the biopharma and healthcare end markets and significantly enhance Avantor's offerings for critical lab automation workflows. Our combined businesses also share similar characteristics including a highly recurring, specification-driven revenue profile and a consumable-driven portfolio of products produced to exacting standards that enhances our unique customer value proposition," Michael Stubblefield, Avantor President and CEO.