Kendro Laboratory Products Names Marc N. Casper President And CEO

Kendro Laboratory Products, L.P. of Newtown, a global leader in designing, manufacturing and marketing sample preparation products and services for the life sciences industry, announced this week that it has appointed Marc N. Casper president and chief executive officer, effective July 5.

Kendro Laboratory Products, a portfolio company of Chicago-based Banc One Equity Capital, is located on Pecks Lane in Newtown.

“Marc Casper brings impressive credentials, a wealth of experience and excellent leadership abilities that will help propel Kendro forward in its global markets, and we are very pleased to have him join us,” said Eric C. Larson, chairman of the board of Kendro. “His expertise in strategy, operations, sales and marketing and finance will be vital to our success in the future.”

Marc N. Casper joins Kendro from Dade Behring Inc., a $1.3 billion global manufacturer and marketer of products and systems serving clinical diagnostics headquartered in suburban Chicago. Most recently, he served as president for the Americas, responsible for the company’s sales, service and marketing operations in that region, and previously was executive vice president for Europe, Asia and Intercontinental.

Prior to joining Dade Behring in 1997 Mr Casper worked at Bain Capital, Inc, a leading private investment firm, and as a strategy consultant for Bain & Company in Boston. He holds an MBA with high distinction from the Harvard Business School and a BA in economics from Wesleyan University.

MR Casper replaces Scott Garrett, who has been serving as interim CEO since April. Mr Garrett, chief executive and partner of Chicago-based Garrett Capital Advisors, has been named vice chairman of the board of directors of Kendro and chair of the executive committee of the board. Garrett Capital Advisors has an exclusive partnership with Banc One Equity Capital to pursue investments in health care and life sciences and develop leadership companies within selected segments of those fields.

Kendro Laboratory Products, LP is a global life sciences products company with sales exceeding $200 million and more than 1,200 employees including 400 in Newtown. Its products include centrifuges, incubators, ovens, freezers and laminar flow hoods.

Kendro conducts its business in 58 countries around the world. It was formed in 1998 by the merger of Sorvall Laboratory Products, LP (formerly a division of DuPont) and the laboratory products business of Heraeus, GmbH of Hanau, Germany. The company’s worldwide headquarters are located in Newtown. Kendo has manufacturing operations at its European headquarters in Hanau and a manufacturing facility in Osterode, Germany.

Banc One Equity Capital manages a $500 million commitment from Bank One Corporation (NYSE: ONE), the nation’s fourth largest bank holding company, with assets of more than $260 billion. Banc One Equity Capital provides equity to fund the expansion or acquisition of growing middle-market companies throughout the United States, focusing on three industry sectors: business services, industrial and communications, and health care and life sciences.