Effective immediately, Mallinckrodt Baker will carry out its operations under the new name, Avantor Performance Materials. This rebranding follows the company’s acquisition by affiliate New Mountain Capital, the New York-based private equity investment firm, which is providing Avantor with significant financial and strategic resources to support future growth initiatives, including expansion in current markets and growth through acquisitions.
Headquartered in Phillipsburg, New Jersey, Avantor was acquired from Covidien in August 2010. Under the terms of the acquisition agreement, the Mallinckrodt name will remain with Covidien. Products sold under the Mallinckrodt product line brand name will continue to be manufactured and marketed by Avantor, but will eventually be transitioned to a new brand name which will be announced in the near future. Avantor will continue using the J.T.Baker product line brand name.
“Our new name conveys several very important ideals,” said Raj Gupta, executive chairman at Avantor and senior advisor at New Mountain Capital. “We chose Avantor because of its relevance to leadership. The word ‘Avant’ — as in avant-garde — evokes the bold ideas, energy, innovation and passion that we have as a company. The word ‘Tor’ means mountain, and represents our aspiration to achieve new heights of performance and quality as well as our affiliation with New Mountain Capital.”
Ron Harding, president of Avantor said, “It’s a new day for us and our new name sets the tone for our mission to enable customers to soar to new heights, take on new challenges and achieve new breakthroughs.”
“We have a new name, but our commitment to delivering high quality, consistency and service that customers have come to expect will not change.”