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Business

Charles River To Buy WIL Research

by Marc S. Reisch
January 11, 2016 | A version of this story appeared in Volume 94, Issue 2

Charles River Laboratories has entered into a definitive agreement to acquire Ashland, Ohio-based WIL Research for $585 million in cash. WIL had sales last year of $215 million and provides safety assessment and contract development and manufacturing services to pharmaceutical, agricultural, and chemical firms. Charles River says the acquisition will enhance its position as an early-stage contract research organization, allow it to increase services to biotechnology clients, and expand its footprint in Europe, where WIL has operations in the Netherlands and France.

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