Hackstaff, Snow, Atkinson & Griess, LLC Partner Douglas Griess and Ann West, Of Counsel, represented RIM Bio, a medical disposables and bioprocess manufacturing company, during negotiations with Avantor, a Fortune 500 medical materials company. RIM Bio successfully sold the Seattle-based company and its related Chinese entities and operations to Avantor.
The team at Hackstaff, Snow, Atkinson & Griess, LLC is happy to add this deal to its long track record of successful legal representation for businesses.
Avantor Acquires RIM Bio in $110 Million Deal
The sale of RIM Bio and its Chinese operations to Avantor, in part facilitated by attorneys Griess and West, closed for $110 million. With the sale, Avantor acquired RIM Bio’s single-use production plant in Changzhou, China. This is Avantor’s first such plant in the Asian, Middle Eastern, and African (AMEA) regions.
RIM Bio’s China-based operations were attractive to Avantor primarily due to its unique positioning to expand Avantor’s service area well outside its established service areas in Europe and the Americas.
RIM Bio brought to the table attractive Asia-based operations capacity and proprietary technologies, and top production lead times in single-use manufacturing of products used to make biologic products such as recombinant proteins, gene therapies, and monoclonal antibody (mAbs) vaccines. The acquisition of RIM Bio also doubled Avantor’s available single-use cleanroom space.
The sale of RIM Bio to Avantor followed Avantor’s earlier investment in Chinese operations. In 2019, the company opened a bioprocessing facility meant to serve biopharma companies in the AMEA region.
In representing RIM Bio throughout the sale process, Hackstaff, Snow, Atkinson & Griess, LLC attorneys ensured that the company was treated fairly and valued properly, taking into account all of the unique assets the company had to offer and Avantor’s desire to expand operations in the AMEA region.
About RIM Bio
RIM Bio is a privately held U.S. company that was established in 2009. The company was previously known as RIM Medical, an entity established in 2004. Today, RIM Bio, Inc. manufactures a wide range of single-use products used to make biologic products. RIM Bio’s product offerings include single-use multi-bag manifolds, bag assemblies, tank liners, 3D bags, and 2D bags.
About Hackstaff, Snow, Atkinson & Griess, LLC
Based in Denver, Colorado, Hackstaff, Snow, Atkinson & Griess, LLC is a small, relational law firm that provides legal services involving business, financial, tax, estate planning, and intellectual property matters, as well as litigation and dispute resolution.
Attorney Doug Griess joined Hackstaff, Snow, Atkinson & Griess, LLC as a partner in 2016. Having earned his Juris Doctor from the University of Virginia School of Law in 2003, Mr. Griess represents clients in business acquisitions and sales, succession planning, intellectual property, and various related practice areas.
Of Counsel Attorney, Ann West has worked with Hackstaff, Snow, Atkinson & Griess, LLC since 2002. Focusing on business formation, mergers and acquisitions, securities law, estate planning, and asset protection, Ms. West earned her Juris Doctor from the University of Colorado School of Law in 1999.
For legal representation in business, litigation, intellectual property, estate planning, and more, reach out to Hackstaff, Snow, Atkinson & Griess, LLC. Contact the firm online or call 303-534-4317.
