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Millipore

Headquarters: 290 Concord Rd.
Billerica, MA 01821
Employees: 4,500
CEO: James Kilts
Stock Symbol: MIL

Website: http://www.millipore.com

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Millipore produces scientific products used in labs and research including filters and chromatography systems. Millipore technology is used for a wide range of applications, from protein sample preparation to vaccine sterilization to monoclonal antibody production.

The company serves the life science research, biotechnology and pharmacecutical industires. It is organized into two divisions. The Bioprocess division offers solutions that optimize development and manufacturing of biologics. The Bioscience division provides high performance products and application insights that improve laboratory productivity.

Millipore employs 4,200 people in 7 manufacturing plants and more than 31 offices around the world.

In 2004, Millipore revenues were $883 million and net income of $105.5 million.

History

Millipore was founded in 1954, when an engineer named Jack Bush purchased the rights to the newly developed membrane-production process from his employer-the Lovell Chemical Company of Watertown, WA. The Millipore Filter Corporation, as Bush's new company was called, quickly expanded and changed its name to the Millipore Corporation, to reflect its wide range of products for fluid analysis and purification. Over the past 46 years, Millipore has pioneered the use of membrane technology in hundreds of diverse applications. Through strategic acquisitions, international expansion and substantial R&D investments, the company has broadened its technology and market base.

Benefits

- Medical Insurance - Blue Cross Blue Shield
- Dental Insurance - Delta Dental
- Retirement benefits - Millipore's retirement benefits package has three separate components: the Participation Plan, the Millipore Retirement Plan, and Savings Plus. Enrollment in Millipore's Participation Plan, the cornerstone of employees' retirement benefits, is automatic after two years of employment. The plan is totally funded by Millipore and employees are immediately fully vested. Millipore's Retirement Plan guarantees a specific amount of retirement income (based on age, earnings and service), should one's Participation Plan funds fall short of this amount. Millipore's Savings Plus is a qualified 401k plan that allows employees to save additional funds for retirement, through payroll deductions, on a tax-deferred basis. After one year of employment, Millipore matches the first 6% of employees' contributions at 25%. After 10 years, the match increases to 50%. Employees may enroll in Savings Plus upon date of hire at Millipore.
- Life, Disability and Dismemberment Insurance
- 10 1/2 Holidays per year, some are floating
- Tuition Reimbursement
- Vacation - Millipore employees earn up to three weeks of paid vacation each year during the first ten years of service. After ten years, vacation time increases to four weeks. Employees with twenty or more years of service receive five weeks of annual paid vacation.
- Employee Assistance Program
- Sabbatical leave - Unpaid leave after 5 years of service
- Flexible spending accounts

Updated June 29, 2005

 

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