MUNDELEIN, Ill., June 26 /PRNewswire/ -- Medline Industries, Inc., the nation’s largest privately held manufacturer and distributor of medical supplies, announced today that it has acquired Chester Labs, a leading manufacturer of liquid products for personal care, infection control and diagnostic use in medical facilities. Chester Labs, based in Cincinnati, will continue to operate as an independent operating entity under the name Chester Packaging, LLC.
“This is a terrific situation for Chester Packaging and our customers,” said John Armstrong, president, Chester Packaging. “Our new alignment with Medline provides us access to capital to accelerate what we think is a very exciting new product development agenda. It also allows us to upgrade the infrastructure of our company and improve the resources we can employ to serve our customers.”
“Chester Labs is a very well-run company with solid, well-recognized brands. This acquisition allows Chester to move more quickly into the development of new technologies that will secure their position as a leader in their field,” said Andy Mills, president, Medline. “The intent is to allow Chester to operate independently of Medline and employ their own unique business strategy in serving their customer base. In addition, we are very pleased to announce the entire management team at Chester has agreed to remain and manage into the future. This acquisition is a very good thing for our two companies and, most importantly, our customers.”
About Medline
Medline, headquartered in Mundelein, IL, manufactures and distributes more than 100,000 products to hospitals, extended care facilities, surgery centers, home care dealers and agencies and other markets. Total revenue for Medline in 2007 exceeded $2.86 billion. Meeting national and international quality standards, Medline is FDA QSR compliant and ISO 13485 certified. Medline serves on major industry quality committees to develop guidelines and standards for medical product use, including the FDA Midwest Steering Committee, AAMI Sterilization and Packaging Committee, and various ASTM committees. For more information on Medline, visit our Web site, http://www.medline.com.
About Chester Labs
Chester Labs, headquartered in Cincinnati, Ohio, manufactures liquid products for personal care, infection control and diagnostic use in medical facilities. Chester Labs is a 13485:2003 and 9001:2000 certified manufacturing facility.
Source: Medline Industries, Inc.
