Owens & Minor, Inc. : Owens & Minor Plans to Purchase Movianto Group, a leading European Healthcare 3PL, from Celesio AG
07/23/2012| 06:15pm US/Eastern

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? Owens & Minor, Inc., a leading U.S. medical products distributor &
logistics provider, views Movianto as strategic platform business
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Owens & Minor intends to keep business and teams intact
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Celesio takes significant step as part of focus on its core business
Celesio AG, a leading international trading company and provider of
logistics and services in the pharmaceutical and healthcare sector,
announced today that it plans to sell its Movianto Group, which
specializes in third party logistics for the pharmaceutical and medical
device industries, to Owens & Minor, Inc. (NYSE - OMI), a leading
U.S.-based distributor of medical and surgical products and logistics
provider. With the pending divestiture of Movianto, Celesio is rapidly
strengthening its focus on its core business. Owens & Minor intends to
acquire Movianto for a purchase price of ?130 million ($158 million).
The transaction is subject to the fulfillment of certain customary local
legal provisions. Owens & Minor, which has a U.S.-based, third party
logistics service, but no European operations, plans to integrate the
two businesses, and plans to keep the Movianto teams and logistics
centers located across Europe intact. Celesio and Owens & Minor also
intend to explore mutually beneficial projects in distribution and
logistics in the healthcare markets.
"The intended acquisition of Movianto provides Owens & Minor with a
premier European healthcare logistics franchise, enabling us to
significantly expand our existing third-party logistics presence and
scale," said Craig R. Smith, president & chief executive officer of
Owens & Minor. "Our manufacturer partners have increasingly expressed
interest in working with Owens & Minor on a global basis, and Movianto
provides us with an exceptional platform from which to serve them. Owens
& Minor looks forward to working with the Movianto and Celesio teams to
serve customers and create long-term value."
For Owens & Minor, the acquisition of Movianto will enable the company
to enter the European market with a broad and fully functioning third
party logistics platform. Owens & Minor intends to assume the customer
relationships, the logistics centers and the 1,800 team members across
the network of 23 facilities in 11 European countries, including the
United Kingdom, Germany and France. Owens & Minor's U.S.-based third
party logistics service and Movianto, share highly complementary
services such as warehousing, transportation, cold chain logistics, as
well as value-added services such as order-to-cash, repackaging and
relabeling of products. Owens & Minor's core business, which generates
revenues of nearly $9 billion annually, is the distribution of medical
and surgical supplies to the acute-care market. The company's 4,800
teammates operate from 48 distribution centers located strategically
across the United States. The company was founded in 1882 in Richmond,
Virginia, and remains headquartered there today.
"We are about to sell Movianto more swiftly than originally planned,"
said Markus Pinger, chief executive officer of Celesio. "We can combine
this with the opportunity to pursue partnerships with Owens & Minor, a
leading U.S. company. We are implementing our new strategy with great
consequence and step by step. The decision to sell is mainly driven by
the buyer's reputation for quality and integrity, thus defending the
best interest of the Movianto employees. With Owens & Minor, we have
found a potential investor who will drive Movianto's successful
development, offering new prospects. This will be an all-round positive
solution for all parties concerned."
About Celesio Group
Celesio is a leading international trade, logistics and service company
working in the pharmaceutical and healthcare sector that proactively and
preventatively ensures that patients receive optimum care and support.
It operates in 27 countries worldwide and employs around 46,000 people.
With more than 2,200 owned and 4,500 partner and brand partner
pharmacies, it looks after more than two million customers daily. It
supplies around 65,000 pharmacies and hospitals with up to 130,000
medications through approximately 140 branches. For more information
visit company website at: www.celesio.com
About Owens & Minor, Inc.,
Owens & Minor, Inc. (NYSE: OMI) a FORTUNE 500 company headquartered in
Richmond, Virginia, is a leading national distributor of name-brand
medical and surgical supplies and a healthcare supply-chain management
company. Owens & Minor is also a member of the Russell 2000® Index,
which measures the performance of the small-cap segment of the U.S.
equity universe, as well as the S&P MidCap 400, which includes companies
with a market capitalization of $1 billion to $4.4 billion that meet
certain financial standards. With a diverse product and service offering
and distribution centers throughout the United States, the company
serves hospitals, integrated healthcare systems, alternate site
locations, group purchasing organizations, healthcare suppliers, and the
federal government. Owens & Minor provides technology and consulting
programs that improve inventory management and streamline logistics
across the entire medical supply chain - from origin of product to
patient bedside. For news releases, or for more information about Owens
& Minor, visit the company website at www.owens-minor.com.

Owens & Minor, Inc.
Truitt Allcott, 804-723-7555
Director,
Investor & Media Relations
truitt.allcott@owens-minor.com
or
Chuck
Graves, 804-723-7556
Director, Finance & Investor Relations
chuck.graves@owens-minor.com
or
Celesio:
Dr
Jens Schreiber, Celesio AG; +49 (0)711-5001-380
media@celesio.com
or
Rainer
Berghausen, Celesio AG; +49 (0)711-5001-549
media@celesio.com
© Business Wire 2012
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