U.S. lab products provider Avantor to buy Germany's Ritter for $1.1 billion

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By Flemming in Business
Updated 3 years ago

FRANKFURT (Reuters) - U.S. laboratory products supplier Avantor said on Monday it had agreed to buy German peer Ritter GmbH for 890 million euros ($1.1 billion) in cash. Ritter, which makes robotic and liquid-handling consumables for laboratories such as racks, dispensers and cartridges, saw demand for its products spike in the COVID-19 pandemic.

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