A German-based company has acquired a New Jersey-based glass manufacturer, according to announcements by the firm. The Duran Group and OEP Capital Advisors signed an agreement ot acquire Wheaton Industries from Incline Equity Partners recently. Neither company discussed the amount of the purchase. "It is really almost an ideal fit," said W Brinster, CEO of Wheaton. "It would be hard to imagine two companies that fit together better. Even the product portfolio does not have much in the way of overlap." Duran expressed interest in purchasing Wheaton 16m ago, Brinster explained, and the sale process began January 2015. There were a number of interested parties wanting to acquire Wheaton, but the Millville-based glass firm's board members chose Duran and OEP. "Its a nice marriage," Brinster said. "The two companies are aligned to be the solution provider of choice for laboratories." Both Duran and Wheaton manufacture laboratory glass. Duran distributes mainly in Europe and Wheat distributes in North America.
