##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-Q
  þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended March 31, 2011
 Or
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from
 to
 Commission File Number: 333-124100
 VWR FUNDING, INC.
 (Exact name of registrant as specified in its charter)
 Delaware(State of incorporation)
    
    56-2445503(I.R.S. Employer Identification No.)
 100 Matsonford Road
P.O. Box 6660
Radnor, PA 19087  (Address of principal executive offices)
 (610) 386-1700  (Registrants telephone number, including area code)
 o þ
 o o
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer þ
    
    Smaller reporting company o
 o þ




---



##### 



VWR FUNDING, INC. AND SUBSIDIARIES
FORM 10-Q
FOR THE QUARTER ENDED MARCH 31, 2011
INDEX
 Page No.PART I. FINANCIAL INFORMATION:Item 1. Financial Statements (Unaudited):Condensed Consolidated Balance Sheets 
March 31, 2011 and December 31, 2010
    
    
    1Condensed Consolidated Statements of Operations 
Three Months Ended March 31, 2011 and 2010
    
    
    2Condensed Consolidated Statement of Stockholders Equity and Other Comprehensive Income (Loss) 
Three Months Ended March 31, 2011
    
    
    3Condensed Consolidated Statements of Cash Flows 
Three Months Ended March 31, 2011 and 2010
    
    
    4Notes to Condensed Consolidated Financial Statements
    
    
    5Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    21Item 3. Quantitative and Qualitative Disclosures about Market Risk
    
    
    28Item 4. Controls and Procedures
    
    
    29PART II. OTHER INFORMATION:Item 1. Legal Proceedings
    
    
    29Item 1A. Risk Factors
    
    
    29Item 6. Exhibits
    
    
    30Signature
    
    
    31Exhibit 31.1Exhibit 31.2Exhibit 32.1Exhibit 32.2




---



##### Table of Contents



PART I. FINANCIAL INFORMATION
 
 Item 1.
    
    Financial Statements
 VWR FUNDING, INC. AND SUBSIDIARIES
 
 Condensed Consolidated Balance Sheets
 (In millions, except share data)
 (Unaudited)
 March 31, 
2011
    
    
    December 31, 
2010AssetsCurrent assets:Cash and cash equivalents
    
    $
    143.1
    
    
    $
    142.1Compensating cash balance
    
    
    107.7
    
    
    
    85.4Trade accounts receivable, less reserves of $9.6 and $9.1, respectively
    
    
    579.0
    
    
    
    512.0Other receivables
    
    
    43.1
    
    
    
    45.2Inventories
    
    
    297.1
    
    
    
    293.0Other current assets
    
    
    32.2
    
    
    
    28.4Total current assets
    
    
    1,202.2
    
    
    
    1,106.1Property and equipment, net
    
    
    200.8
    
    
    
    194.2Goodwill
    
    
    1,833.2
    
    
    
    1,757.1Other intangible assets, net
    
    
    1,902.9
    
    
    
    1,858.2Deferred income taxes
    
    
    8.7
    
    
    
    9.8Other assets
    
    
    77.1
    
    
    
    76.0Total assets
    
    $
    5,224.9
    
    
    $
    5,001.4Liabilities, Redeemable Equity Units and Stockholders EquityCurrent liabilities:Current portion of debt and capital lease obligations
    
    $
    210.2
    
    
    $
    117.4Accounts payable
    
    
    433.6
    
    
    
    406.0Accrued expenses
    
    
    190.1
    
    
    
    206.5Total current liabilities
    
    
    833.9
    
    
    
    729.9Long-term debt and capital lease obligations
    
    
    2,696.5
    
    
    
    2,640.3Other long-term liabilities
    
    
    134.0
    
    
    
    137.2Deferred income taxes
    
    
    478.9
    
    
    
    478.8Total liabilities
    
    
    4,143.3
    
    
    
    3,986.2Redeemable equity units
    
    
    51.0
    
    
    
    50.0Commitments and contingencies (Note 11)Stockholders equity:Common stock, $0.01 par value; 1,000 shares authorized, issued and outstanding
    
    
    
    
    
    
    Additional paid-in capital
    
    
    1,361.4
    
    
    
    1,361.2Accumulated deficit
    
    
    (402.8
    )
    
    
    (376.2
    )Accumulated other comprehensive income (loss)
    
    
    72.0
    
    
    
    (19.8
    )Total stockholders equity
    
    
    1,030.6
    
    
    
    965.2Total liabilities, redeemable equity units and stockholders equity
    
    $
    5,224.9
    
    
    $
    5,001.4
   1




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 
 Condensed Consolidated Statements of Operations
 (In millions)
 (Unaudited)
 Three Months EndedMarch 31,2011
    
    
    2010Net sales
    
    $
    991.2
    
    
    $
    874.3Cost of goods sold
    
    
    706.4
    
    
    
    617.6Gross profit
    
    
    284.8
    
    
    
    256.7Selling, general and administrative expenses
    
    
    220.1
    
    
    
    202.6Operating income
    
    
    64.7
    
    
    
    54.1Interest income
    
    
    0.5
    
    
    
    0.4Interest expense
    
    
    (48.0
    )
    
    
    (54.1
    )Other income (expense), net
    
    
    (48.7
    )
    
    
    58.3(Loss) income before income taxes
    
    
    (31.5
    )
    
    
    58.7Income tax benefit (provision)
    
    
    4.9
    
    
    
    (20.3
    )Net (loss) income
    
    $
    (26.6
    )
    
    $
    38.4
   2




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 
 Condensed Consolidated Statement of Stockholders Equity and Other Comprehensive Income (Loss)
 Three Months Ended March 31, 2011
 (In millions, except share data)
 (Unaudited)
 AccumulatedOtherCommon Stock
    
    
    Additional
    
    
    Accumulated
    
    
    ComprehensiveShares
    
    
    Amount
    
    
    Paid-in Capital
    
    
    Deficit
    
    
    Income (Loss)
    
    
    TotalBalance at January 1, 2011
    
    
    1,000
    
    
    $
    
    
    
    $
    1,361.2
    
    
    $
    (376.2
    )
    
    $
    (19.8
    )
    
    $
    965.2Capital contributions
from parent
    
    
    
    
    
    
    
    
    
    
    0.5
    
    
    
    
    
    
    
    
    
    
    
    0.5Share-based compensation
expense associated with
our parent company equity
plan
    
    
    
    
    
    
    
    
    
    
    0.9
    
    
    
    
    
    
    
    
    
    
    
    0.9Reclassifications of
redeemable equity units
    
    
    
    
    
    
    
    
    
    
    (1.2
    )
    
    
    
    
    
    
    
    
    
    
    (1.2
    )Comprehensive income:Net loss
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (26.6
    )
    
    
    
    
    
    
    (26.6
    )Other comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    91.8
    
    
    
    91.8Total comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    65.2Balance at March 31, 2011
    
    
    1,000
    
    
    $
    
    
    
    $
    1,361.4
    
    
    $
    (402.8
    )
    
    $
    72.0
    
    
    $
    1,030.6
   3




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES


Condensed Consolidated Statements of Cash Flows
(In millions)
(Unaudited)
 Three Months Ended March 31,2011
    
    
    2010Cash flows from operating activities:Net (loss) income
    
    $
    (26.6
    )
    
    $
    38.4Adjustments to reconcile net (loss) income to net cash
(used in) provided by operating activities:Depreciation and amortization
    
    
    29.4
    
    
    
    28.7Net unrealized translation loss (gain)
    
    
    49.5
    
    
    
    (57.5
    )Net unrealized gain on interest rate swaps
    
    
    (7.0
    )
    
    
    (1.0
    )Non-cash payment-in-kind interest accretion
    
    
    
    
    
    
    3.0Non-cash equity compensation expense
    
    
    0.9
    
    
    
    0.8Amortization of debt issuance costs
    
    
    2.4
    
    
    
    2.4Deferred income tax (benefit) provision
    
    
    (12.7
    )
    
    
    13.7Other, net
    
    
    1.4
    
    
    
    1.4Changes in working capital, net of business acquisitions:Trade accounts receivable
    
    
    (43.5
    )
    
    
    (25.7
    )Inventories
    
    
    13.6
    
    
    
    11.1Other current and non-current assets
    
    
    (1.9
    )
    
    
    (20.6
    )Accounts payable
    
    
    8.4
    
    
    
    18.5Accrued expenses and other liabilities
    
    
    (21.8
    )
    
    
    11.8Net cash (used in) provided by operating activities
    
    
    (7.9
    )
    
    
    25.0Cash flows from investing activities:Acquisitions of businesses, net of cash acquired
    
    
    (58.1
    )
    
    
    0.8Capital expenditures
    
    
    (6.6
    )
    
    
    (4.2
    )Net cash used in investing activities
    
    
    (64.7
    )
    
    
    (3.4
    )Cash flows from financing activities:Proceeds from debt
    
    
    196.1
    
    
    
    44.7Repayment of debt
    
    
    (131.6
    )
    
    
    (59.3
    )Net change in bank overdrafts
    
    
    24.0
    
    
    
    (19.5
    )Net change in compensating cash balance
    
    
    (22.3
    )
    
    
    19.5Proceeds from equity incentive plans
    
    
    0.5
    
    
    
    0.2Repurchase of redeemable equity units
    
    
    (0.3
    )
    
    
    (0.2
    )Net cash provided by (used in) financing activities
    
    
    66.4
    
    
    
    (14.6
    )Effect of exchange rate changes on cash
    
    
    7.2
    
    
    
    (5.8
    )Net increase in cash and cash equivalents
    
    
    1.0
    
    
    
    1.2Cash and cash equivalents beginning of period
    
    
    142.1
    
    
    
    124.4Cash and cash equivalents end of period
    
    $
    143.1
    
    
    $
    125.6Supplemental disclosures of cash flow information:Cash paid during the period for:Interest
    
    $
    69.5
    
    
    $
    32.8Income taxes paid, net
    
    $
    5.2
    
    
    $
    7.2
   4




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 
 Notes to Condensed Consolidated Financial Statements
March 31, 2011
(In millions)
(Unaudited)
 (1) Nature of Operations and Basis of Presentation
     (2) Recently Adopted Accounting Standards
 Fair Value Measurements and Disclosures
   5




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
 Revenue Recognition
  (3) Goodwill and Other Intangible Assets
 (a) Recent Acquisitions
  
    
    On September 1, 2010, we acquired the scientific distribution
businesses of EBOS Group Limited (collectively ANZ Lab). ANZ Lab
distributes general laboratory supplies and life science products in
Australia and New Zealand.
 
    
    On September 1, 2010, we acquired Labart sp. z o.o. (Labart), and on
March 31, 2011, we acquired Alfalab Hurtownia Chemiczna Sp. z o.o
(Alfalab). Labart and Alfalab are scientific laboratory supply
distributors operating in Poland.
 
    
    On February 1, 2011, we acquired AMRESCO Inc. (AMRESCO), a domestic
supplier and manufacturer of high quality biochemicals and reagents
for molecular biology, life sciences, proteomics, diagnostics,
molecular diagnostics and histology areas of research and production.
    (b) Goodwill
  North American
    
    
    European
    
    
    ScienceLab
    
    
    Lab
    
    
    Education
    
    
    TotalBalance at January 1, 2011
    
    $
    948.7
    
    
    $
    808.4
    
    
    $
    
    
    
    $
    1,757.1Acquisitions
    
    
    22.6
    
    
    
    1.0
    
    
    
    
    
    
    
    23.6Currency translation changes
    
    
    1.7
    
    
    
    50.8
    
    
    
    
    
    
    
    52.5Balance at March 31, 2011
    
    $
    973.0
    
    
    $
    860.2
    
    
    $
    
    
    
    $
    1,833.2
  6




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
  March 31, 2011
    
    
    December 31, 2010Gross
    
    
    Cumulative
    
    
    Gross
    
    
    CumulativeCarrying
    
    
    Impairment
    
    
    Carrying
    
    
    ImpairmentAmount
    
    
    Losses
    
    
    Amount
    
    
    LossesGoodwillNorth American Lab
    
    $
    1,068.5
    
    
    $
    95.5
    
    
    $
    1,044.2
    
    
    $
    95.5European Lab
    
    
    860.2
    
    
    
    
    
    
    
    808.4
    
    
    
    Science Education
    
    
    99.8
    
    
    
    99.8
    
    
    
    99.8
    
    
    
    99.8Total
    
    $
    2,028.5
    
    
    $
    195.3
    
    
    $
    1,952.4
    
    
    $
    195.3
 (c) Intangible Assets
  March 31, 2011
    
    
    December 31, 2010Gross
    
    
    
    
    
    
    
    
    
    
    GrossCarrying
    
    
    Accumulated
    
    
    Net Carrying
    
    
    Carrying
    
    
    Accumulated
    
    
    Net CarryingAmount
    
    
    Amortization
    
    
    Amount
    
    
    Amount
    
    
    Amortization
    
    
    AmountAmortizable intangible assets:Customer relationships:North American Lab
    
    $
    783.8
    
    
    $
    142.7
    
    
    $
    641.1
    
    
    $
    765.8
    
    
    $
    132.3
    
    
    $
    633.5European Lab
    
    
    508.2
    
    
    
    96.8
    
    
    
    411.4
    
    
    
    478.2
    
    
    
    84.7
    
    
    
    393.5Science Education
    
    
    131.2
    
    
    
    24.7
    
    
    
    106.5
    
    
    
    131.2
    
    
    
    23.1
    
    
    
    108.1Chemical supply agreement
    
    
    56.7
    
    
    
    30.4
    
    
    
    26.3
    
    
    
    53.4
    
    
    
    26.7
    
    
    
    26.7Other
    
    
    22.3
    
    
    
    10.6
    
    
    
    11.7
    
    
    
    16.6
    
    
    
    9.1
    
    
    
    7.5Total amortizable intangible assets
    
    
    1,502.2
    
    
    
    305.2
    
    
    
    1,197.0
    
    
    
    1,445.2
    
    
    
    275.9
    
    
    
    1,169.3Indefinite-lived intangible assets:Trademarks and tradenames
    
    
    705.9
    
    
    
    
    
    
    
    705.9
    
    
    
    688.9
    
    
    
    
    
    
    
    688.9Total intangible assets
    
    $
    2,208.1
    
    
    $
    305.2
    
    
    $
    1,902.9
    
    
    $
    2,134.1
    
    
    $
    275.9
    
    
    $
    1,858.2
  Three Months EndedMarch 31,2011
    
    
    2010Amortization expense
    
    $
    21.3
    
    
    $
    20.4
  7




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
 (4) Debt
  March 31,
    
    
    December 31,2011
    
    
    2010Senior Secured Credit Facility
    
    $
    1,525.9
    
    
    $
    1,410.010.25%/11.25% Unsecured Senior Notes due 2015
    
    
    713.0
    
    
    
    713.010.75% Unsecured Senior Subordinated Notes due 2017
    
    
    538.9
    
    
    
    528.2Compensating cash balance
    
    
    107.7
    
    
    
    85.4Capital leases
    
    
    19.7
    
    
    
    19.2Predecessor Senior Subordinated Notes
    
    
    1.0
    
    
    
    1.0Other debt
    
    
    0.5
    
    
    
    0.9Total debt
    
    
    2,906.7
    
    
    
    2,757.7Less short-term portion
    
    
    (210.2
    )
    
    
    (117.4
    )Total long-term portion
    
    $
    2,696.5
    
    
    $
    2,640.3
 (a) Senior Secured Credit Facility
    (b) Senior Notes and Senior Subordinated Notes
   8




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
  (c) Covenant Compliance
    (d) Compensating Cash Balance
  (5) Other Income (Expense), net
    9




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
 (6) Defined Benefit Plans
  Three Months Ended March 31,U.S. Retirement Plan
    
    
    German, French and UK Plans2011
    
    
    2010
    
    
    2011
    
    
    2010Service cost
    
    $
    0.2
    
    
    $
    0.1
    
    
    $
    0.6
    
    
    $
    0.5Interest cost
    
    
    2.4
    
    
    
    2.4
    
    
    
    1.5
    
    
    
    1.5Expected return on plan assets
    
    
    (3.1
    )
    
    
    (3.0
    )
    
    
    (1.1
    )
    
    
    (1.0
    )Recognized net actuarial (gain) loss
    
    
    (0.1
    )
    
    
    (0.2
    )
    
    
    0.1
    
    
    
    Net periodic pension (income) cost
    
    $
    (0.6
    )
    
    $
    (0.7
    )
    
    $
    1.1
    
    
    $
    1.0
  (7) Share-Based Compensation
   Balance at January 1, 2011
    
    $
    50.0Reclassifications from permanent equity, net
    
    
    1.2Reclassifications to accrued expenses upon notification of redemption
    
    
    (0.2
    )Balance at March 31, 2011
    
    $
    51.0
  10




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
 (8) Income Taxes
 (a) Tax Benefit (Provision)
     (b) Uncertain Tax Positions
     11




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
 (9) Financial Instruments and Fair Value Measurements
   (a) Recurring Fair Value Measures
  
    
    Level 1  Quoted prices (unadjusted) in active markets for identical assets or liabilities
 
    
    Level 2  Inputs that are observable for the asset or liability,
either directly or indirectly through market corroboration, for
substantially the full term of the asset or liability
 
    
    Level 3  Inputs that are unobservable for the asset or liability
based on the Companys own assumptions (about the assumptions market
participants would use in pricing the asset or liability)
  Description
    
    March 31, 2011
    
    
    Level 1
    
    
    Level 2
    
    
    Level 3LiabilitiesInterest rate swap arrangements
    
    $
    (28.2
    )
    
    $
    
    
    
    $
    (28.2
    )
    
    $
    Description
    
    December 31, 2010
    
    
    Level 1
    
    
    Level 2
    
    
    Level 3LiabilitiesInterest rate swap arrangements
    
    $
    (35.2
    )
    
    $
    
    
    
    $
    (35.2
    )
    
    $
    
   12




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
 (b) Debt Instruments
  March 31, 2011
    
    
    December 31, 2010Carrying
    
    
    
    
    
    
    CarryingAmount
    
    
    Fair Value
    
    
    Amount
    
    
    Fair ValueSenior Secured Credit Facility
    
    $
    1,525.9
    
    
    $
    1,492.6
    
    
    $
    1,410.0
    
    
    $
    1,344.3Senior Notes
    
    
    713.0
    
    
    
    757.5
    
    
    
    713.0
    
    
    
    748.6Senior Subordinated Notes
    
    
    538.9
    
    
    
    550.7
    
    
    
    528.2
    
    
    
    554.6$
    2,777.8
    
    
    $
    2,800.8
    
    
    $
    2,651.2
    
    
    $
    2,647.5
  (c) Derivative Instruments and Hedging Activities
 Interest Rate Swap Arrangements
   Foreign Currency Forward Contracts
   13




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
 Tabular Disclosures
  Liability DerivativesMarch 31, 2011
    
    
    December 31, 2010Derivatives not designated as
    
    Balance Sheet
    
    
    
    
    
    
    Balance Sheethedging instruments
    
    Location
    
    
    Fair Value
    
    
    Location
    
    
    Fair ValueInterest rate swap arrangements
    
    Other long-term liabilities
    
    
    $
    28.2
    
    
    Other long-term liabilities
    
    
    $
    35.2
  Amount of Gain (Loss)Recognized in EarningsDerivatives not designated as
    
    Location of Gain (Loss)
    
    
    Three Months Ended March 31,hedging instruments
    
    Recognized in Earnings
    
    
    2011
    
    
    2010Interest rate swap arrangements  realized
    
    Interest expense
    
    $
    (6.9
    )
    
    $
    (7.9
    )Interest rate swap arrangements  unrealized
    
    Interest expense
    
    
    7.0
    
    
    
    1.0Total
    
    
    
    
    
    $
    0.1
    
    
    $
    (6.9
    )
 (10)
    
    Comprehensive Income (Loss)  Three Months EndedMarch 31,2011
    
    
    2010Net (loss) income
    
    $
    (26.6
    )
    
    $
    38.4Other comprehensive income (loss):Foreign currency translation adjustments
    
    
    90.4
    
    
    
    (87.2
    )Unrealized gain (loss) on derivatives, net of tax (1)
    
    
    0.7
    
    
    
    (0.2
    )Amortization of realized losses on derivatives, net of tax (2)
    
    
    0.7
    
    
    
    0.7Amortization of net actuarial gain, net of tax (3)
    
    
    
    
    
    
    (0.1
    )Comprehensive income (loss)
    
    $
    65.2
    
    
    $
    (48.4
    )
 
 (1)
    
    Unrealized gain (loss) on derivatives is net of taxes of $0.3 and $0.2 for the three months
ended March 31, 2011 and 2010, respectively.(2)
    
    Amortization of realized losses on derivatives is net of taxes of $0.5
and $0.6 for the three months ended March 31, 2011 and 2010,
respectively.(3)
    
    Amortization of net actuarial gain is net of taxes of $0.1 for the three months ended March 31, 2010.  14




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
 (11) Commitments and Contingencies
     15




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
 (12) Segment Financial Information
   Three Months Ended March 31,2011
    
    
    2010Net salesNorth American Lab
    
    $
    568.7
    
    
    $
    491.4European Lab
    
    
    400.1
    
    
    
    358.3Science Education
    
    
    22.4
    
    
    
    24.6Total
    
    $
    991.2
    
    
    $
    874.3
 Three Months Ended March 31,2011
    
    
    2010Operating income (loss)North American Lab
    
    $
    35.7
    
    
    $
    29.4European Lab
    
    
    33.4
    
    
    
    27.1Science Education
    
    
    (4.4
    )
    
    
    (2.4
    )Total
    
    
    64.7
    
    
    
    54.1Interest income
    
    
    0.5
    
    
    
    0.4Interest expense
    
    
    (48.0
    )
    
    
    (54.1
    )Other income (expense), net
    
    
    (48.7
    )
    
    
    58.3(Loss) income before income taxes
    
    $
    (31.5
    )
    
    $
    58.7
 (13) Condensed Consolidating Financial Information
    16




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
 Condensed Consolidating Balance Sheet
March 31, 2011
 Non-Subsidiary
    
    
    Guarantor
    
    
    
    
    
    
    TotalParent
    
    
    Guarantors
    
    
    Subsidiaries
    
    
    Eliminations
    
    
    CompanyAssetsCurrent assets:Cash and cash equivalents
    
    $
    
    
    
    $
    1.5
    
    
    $
    141.6
    
    
    $
    
    
    
    $
    143.1Compensating cash balance
    
    
    
    
    
    
    
    
    
    
    107.7
    
    
    
    
    
    
    
    107.7Trade accounts receivable, net
    
    
    
    
    
    
    243.6
    
    
    
    335.4
    
    
    
    
    
    
    
    579.0Inventories
    
    
    
    
    
    
    144.6
    
    
    
    152.5
    
    
    
    
    
    
    
    297.1Other current assets
    
    
    
    
    
    
    25.4
    
    
    
    49.9
    
    
    
    
    
    
    
    75.3Intercompany receivables
    
    
    21.3
    
    
    
    4.1
    
    
    
    1.9
    
    
    
    (27.3
    )
    
    
    Total current assets
    
    
    21.3
    
    
    
    419.2
    
    
    
    789.0
    
    
    
    (27.3
    )
    
    
    1,202.2Property and equipment, net
    
    
    
    
    
    
    86.8
    
    
    
    114.0
    
    
    
    
    
    
    
    200.8Goodwill
    
    
    
    
    
    
    891.3
    
    
    
    941.9
    
    
    
    
    
    
    
    1,833.2Other intangible assets, net
    
    
    
    
    
    
    1,081.6
    
    
    
    821.3
    
    
    
    
    
    
    
    1,902.9Deferred income taxes
    
    
    199.2
    
    
    
    
    
    
    
    8.7
    
    
    
    (199.2
    )
    
    
    8.7Investment in subsidiaries
    
    
    2,644.2
    
    
    
    1,812.6
    
    
    
    
    
    
    
    (4,456.8
    )
    
    
    Other assets
    
    
    31.9
    
    
    
    37.7
    
    
    
    7.5
    
    
    
    
    
    
    
    77.1Intercompany loans
    
    
    1,033.5
    
    
    
    78.2
    
    
    
    21.3
    
    
    
    (1,133.0
    )
    
    
    Total assets
    
    $
    3,930.1
    
    
    $
    4,407.4
    
    
    $
    2,703.7
    
    
    $
    (5,816.3
    )
    
    $
    5,224.9Liabilities, Redeemable Equity Units and
Stockholders EquityCurrent liabilities:Current portion of debt and capital lease
obligations
    
    $
    103.6
    
    
    $
    0.4
    
    
    $
    106.2
    
    
    $
    
    
    
    $
    210.2Accounts payable
    
    
    
    
    
    
    209.1
    
    
    
    224.5
    
    
    
    
    
    
    
    433.6Accrued expenses
    
    
    16.2
    
    
    
    57.7
    
    
    
    116.2
    
    
    
    
    
    
    
    190.1Intercompany payables
    
    
    
    
    
    
    3.3
    
    
    
    24.0
    
    
    
    (27.3
    )
    
    
    Total current liabilities
    
    
    119.8
    
    
    
    270.5
    
    
    
    470.9
    
    
    
    (27.3
    )
    
    
    833.9Long-term debt and capital lease obligations
    
    
    2,678.9
    
    
    
    1.1
    
    
    
    16.5
    
    
    
    
    
    
    
    2,696.5Other long-term liabilities
    
    
    29.0
    
    
    
    25.9
    
    
    
    79.1
    
    
    
    
    
    
    
    134.0Deferred income taxes
    
    
    
    
    
    
    426.6
    
    
    
    251.5
    
    
    
    (199.2
    )
    
    
    478.9Intercompany loans
    
    
    20.8
    
    
    
    1,039.9
    
    
    
    72.3
    
    
    
    (1,133.0
    )
    
    
    Total liabilities
    
    
    2,848.5
    
    
    
    1,764.0
    
    
    
    890.3
    
    
    
    (1,359.5
    )
    
    
    4,143.3Redeemable equity units
    
    
    51.0
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    51.0Total stockholders equity
    
    
    1,030.6
    
    
    
    2,643.4
    
    
    
    1,813.4
    
    
    
    (4,456.8
    )
    
    
    1,030.6Total liabilities, redeemable equity units
and stockholders equity
    
    $
    3,930.1
    
    
    $
    4,407.4
    
    
    $
    2,703.7
    
    
    $
    (5,816.3
    )
    
    $
    5,224.9
  17




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
 Condensed Consolidating Balance Sheet
December 31, 2010
 Non-Subsidiary
    
    
    Guarantor
    
    
    
    
    
    
    TotalParent
    
    
    Guarantors
    
    
    Subsidiaries
    
    
    Eliminations
    
    
    CompanyAssetsCurrent assets:Cash and cash equivalents
    
    $
    0.4
    
    
    $
    10.5
    
    
    $
    131.2
    
    
    $
    
    
    
    $
    142.1Compensating cash balance
    
    
    
    
    
    
    
    
    
    
    85.4
    
    
    
    
    
    
    
    85.4Trade accounts receivable, net
    
    
    
    
    
    
    211.4
    
    
    
    300.6
    
    
    
    
    
    
    
    512.0Inventories
    
    
    
    
    
    
    149.1
    
    
    
    143.9
    
    
    
    
    
    
    
    293.0Other current assets
    
    
    
    
    
    
    27.2
    
    
    
    46.4
    
    
    
    
    
    
    
    73.6Intercompany receivables
    
    
    18.5
    
    
    
    3.4
    
    
    
    
    
    
    
    (21.9
    )
    
    
    Total current assets
    
    
    18.9
    
    
    
    401.6
    
    
    
    707.5
    
    
    
    (21.9
    )
    
    
    1,106.1Property and equipment, net
    
    
    
    
    
    
    83.6
    
    
    
    110.6
    
    
    
    
    
    
    
    194.2Goodwill
    
    
    
    
    
    
    867.5
    
    
    
    889.6
    
    
    
    
    
    
    
    1,757.1Other intangible assets, net
    
    
    
    
    
    
    1,071.2
    
    
    
    787.0
    
    
    
    
    
    
    
    1,858.2Deferred income taxes
    
    
    195.8
    
    
    
    
    
    
    
    9.8
    
    
    
    (195.8
    )
    
    
    9.8Investment in subsidiaries
    
    
    2,513.8
    
    
    
    1,694.5
    
    
    
    
    
    
    
    (4,208.3
    )
    
    
    Other assets
    
    
    33.9
    
    
    
    36.3
    
    
    
    5.8
    
    
    
    
    
    
    
    76.0Intercompany loans
    
    
    1,033.0
    
    
    
    110.6
    
    
    
    21.3
    
    
    
    (1,164.9
    )
    
    
    Total assets
    
    $
    3,795.4
    
    
    $
    4,265.3
    
    
    $
    2,531.6
    
    
    $
    (5,590.9
    )
    
    $
    5,001.4Liabilities, Redeemable Equity Units and
Stockholders EquityCurrent liabilities:Current portion of debt and capital lease
obligations
    
    $
    28.7
    
    
    $
    0.4
    
    
    $
    88.3
    
    
    $
    
    
    
    $
    117.4Accounts payable
    
    
    
    
    
    
    193.0
    
    
    
    213.0
    
    
    
    
    
    
    
    406.0Accrued expenses
    
    
    35.8
    
    
    
    63.5
    
    
    
    107.2
    
    
    
    
    
    
    
    206.5Intercompany payables
    
    
    
    
    
    
    1.0
    
    
    
    20.9
    
    
    
    (21.9
    )
    
    
    Total current liabilities
    
    
    64.5
    
    
    
    257.9
    
    
    
    429.4
    
    
    
    (21.9
    )
    
    
    729.9Long-term debt and capital lease obligations
    
    
    2,622.5
    
    
    
    1.1
    
    
    
    16.7
    
    
    
    
    
    
    
    2,640.3Other long-term liabilities
    
    
    35.8
    
    
    
    25.5
    
    
    
    75.9
    
    
    
    
    
    
    
    137.2Deferred income taxes
    
    
    
    
    
    
    436.0
    
    
    
    238.6
    
    
    
    (195.8
    )
    
    
    478.8Intercompany loans
    
    
    57.4
    
    
    
    1,031.8
    
    
    
    75.7
    
    
    
    (1,164.9
    )
    
    
    Total liabilities
    
    
    2,780.2
    
    
    
    1,752.3
    
    
    
    836.3
    
    
    
    (1,382.6
    )
    
    
    3,986.2Redeemable equity units
    
    
    50.0
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    50.0Total stockholders equity
    
    
    965.2
    
    
    
    2,513.0
    
    
    
    1,695.3
    
    
    
    (4,208.3
    )
    
    
    965.2Total liabilities, redeemable equity units
and stockholders equity
    
    $
    3,795.4
    
    
    $
    4,265.3
    
    
    $
    2,531.6
    
    
    $
    (5,590.9
    )
    
    $
    5,001.4
  18




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
 Condensed Consolidating Statement of Operations
Three Months Ended March 31, 2011
 Non-Subsidiary
    
    
    Guarantor
    
    
    
    
    
    
    TotalParent
    
    
    Guarantors
    
    
    Subsidiaries
    
    
    Eliminations
    
    
    CompanyNet sales
    
    $
    
    
    
    $
    506.9
    
    
    $
    487.9
    
    
    $
    (3.6
    )
    
    $
    991.2Cost of goods sold
    
    
    
    
    
    
    377.6
    
    
    
    332.4
    
    
    
    (3.6
    )
    
    
    706.4Gross profit
    
    
    
    
    
    
    129.3
    
    
    
    155.5
    
    
    
    
    
    
    
    284.8Selling, general and administrative expenses
    
    
    0.7
    
    
    
    108.1
    
    
    
    121.3
    
    
    
    (10.0
    )
    
    
    220.1Operating (loss) income
    
    
    (0.7
    )
    
    
    21.2
    
    
    
    34.2
    
    
    
    10.0
    
    
    
    64.7Interest expense, net of interest income
    
    
    (37.9
    )
    
    
    (8.6
    )
    
    
    (1.0
    )
    
    
    
    
    
    
    (47.5
    )Other income (expense), net
    
    
    (50.3
    )
    
    
    (2.1
    )
    
    
    13.7
    
    
    
    (10.0
    )
    
    
    (48.7
    )(Loss) income before income taxes and equity
in earnings of subsidiaries
    
    
    (88.9
    )
    
    
    10.5
    
    
    
    46.9
    
    
    
    
    
    
    
    (31.5
    )Income tax benefit (provision)
    
    
    23.8
    
    
    
    (6.6
    )
    
    
    (12.3
    )
    
    
    
    
    
    
    4.9Equity in earnings of subsidiaries, net of tax
    
    
    38.5
    
    
    
    34.6
    
    
    
    
    
    
    
    (73.1
    )
    
    
    Net (loss) income
    
    $
    (26.6
    )
    
    $
    38.5
    
    
    $
    34.6
    
    
    $
    (73.1
    )
    
    $
    (26.6
    )
 Condensed Consolidating Statement of Operations
Three Months Ended March 31, 2010
 Non-Subsidiary
    
    
    Guarantor
    
    
    
    
    
    
    TotalParent
    
    
    Guarantors
    
    
    Subsidiaries
    
    
    Eliminations
    
    
    CompanyNet sales
    
    $
    
    
    
    $
    447.6
    
    
    $
    430.4
    
    
    $
    (3.7
    )
    
    $
    874.3Cost of goods sold
    
    
    
    
    
    
    330.1
    
    
    
    291.2
    
    
    
    (3.7
    )
    
    
    617.6Gross profit
    
    
    
    
    
    
    117.5
    
    
    
    139.2
    
    
    
    
    
    
    
    256.7Selling, general and administrative expenses
    
    
    0.8
    
    
    
    94.2
    
    
    
    113.0
    
    
    
    (5.4
    )
    
    
    202.6Operating (loss) income
    
    
    (0.8
    )
    
    
    23.3
    
    
    
    26.2
    
    
    
    5.4
    
    
    
    54.1Interest expense, net of interest income
    
    
    (44.3
    )
    
    
    (8.7
    )
    
    
    (0.7
    )
    
    
    
    
    
    
    (53.7
    )Other income (expense), net
    
    
    57.0
    
    
    
    16.1
    
    
    
    (9.4
    )
    
    
    (5.4
    )
    
    
    58.3Income before income taxes and equity in
earnings of subsidiaries
    
    
    11.9
    
    
    
    30.7
    
    
    
    16.1
    
    
    
    
    
    
    
    58.7Income tax provision
    
    
    (0.1
    )
    
    
    (16.0
    )
    
    
    (4.2
    )
    
    
    
    
    
    
    (20.3
    )Equity in earnings of subsidiaries, net of tax
    
    
    26.6
    
    
    
    11.9
    
    
    
    
    
    
    
    (38.5
    )
    
    
    Net income
    
    $
    38.4
    
    
    $
    26.6
    
    
    $
    11.9
    
    
    $
    (38.5
    )
    
    $
    38.4
  19




---



##### Table of Contents



VWR FUNDING, INC. AND SUBSIDIARIES
 Notes to Condensed Consolidated Financial Statements  (Continued)
March 31, 2011
(In millions)
(Unaudited)
 Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2011
 Non-Subsidiary
    
    
    Guarantor
    
    
    
    
    
    
    TotalParent
    
    
    Guarantors
    
    
    Subsidiaries
    
    
    Eliminations
    
    
    CompanyNet cash (used in) provided by operating activities
    
    $
    (62.1
    )
    
    $
    36.3
    
    
    $
    17.9
    
    
    $
    
    
    
    $
    (7.9
    )Cash flows from investing activities:Intercompany investing transactions
    
    
    (8.6
    )
    
    
    5.0
    
    
    
    
    
    
    
    3.6
    
    
    
    Acquisitions of businesses
    
    
    
    
    
    
    (56.4
    )
    
    
    (1.7
    )
    
    
    
    
    
    
    (58.1
    )Capital expenditures
    
    
    
    
    
    
    (4.6
    )
    
    
    (2.0
    )
    
    
    
    
    
    
    (6.6
    )Net cash used in investing activities
    
    
    (8.6
    )
    
    
    (56.0
    )
    
    
    (3.7
    )
    
    
    3.6
    
    
    
    (64.7
    )Cash flows from financing activities:Intercompany financing transactions
    
    
    
    
    
    
    8.6
    
    
    
    (5.0
    )
    
    
    (3.6
    )
    
    
    Proceeds from debt
    
    
    196.0
    
    
    
    
    
    
    
    0.1
    
    
    
    
    
    
    
    196.1Repayment of debt
    
    
    (130.7
    )
    
    
    
    
    
    
    (0.9
    )
    
    
    
    
    
    
    (131.6
    )Other financing activities, net
    
    
    5.0
    
    
    
    2.1
    
    
    
    (5.2
    )
    
    
    
    
    
    
    1.9Net cash provided by (used in) financing activities
    
    
    70.3
    
    
    
    10.7
    
    
    
    (11.0
    )
    
    
    (3.6
    )
    
    
    66.4Effect of exchange rate changes on cash
    
    
    
    
    
    
    
    
    
    
    7.2
    
    
    
    
    
    
    
    7.2Net (decrease) increase in cash and cash equivalents
    
    
    (0.4
    )
    
    
    (9.0
    )
    
    
    10.4
    
    
    
    
    
    
    
    1.0Cash and cash equivalents beginning of period
    
    
    0.4
    
    
    
    10.5
    
    
    
    131.2
    
    
    
    
    
    
    
    142.1Cash and cash equivalents end of period
    
    $
    
    
    
    $
    1.5
    
    
    $
    141.6
    
    
    $
    
    
    
    $
    143.1
 Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2010
 Non-Subsidiary
    
    
    Guarantor
    
    
    
    
    
    
    TotalParent
    
    
    Guarantors
    
    
    Subsidiaries
    
    
    Eliminations
    
    
    CompanyNet cash (used in) provided by operating activities
    
    $
    (18.4
    )
    
    $
    23.3
    
    
    $
    20.1
    
    
    $
    
    
    
    $
    25.0Cash flows from investing activities:Intercompany investing transactions
    
    
    32.3
    
    
    
    2.1
    
    
    
    
    
    
    
    (34.4
    )
    
    
    Acquisitions of businesses and other intangible assets
    
    
    
    
    
    
    
    
    
    
    0.8
    
    
    
    
    
    
    
    0.8Capital expenditures
    
    
    
    
    
    
    (2.4
    )
    
    
    (1.8
    )
    
    
    
    
    
    
    (4.2
    )Net cash provided by (used in) investing activities
    
    
    32.3
    
    
    
    (0.3
    )
    
    
    (1.0
    )
    
    
    (34.4
    )
    
    
    (3.4
    )Cash flows from financing activities:Intercompany financing transactions
    
    
    
    
    
    
    (32.3
    )
    
    
    (2.1
    )
    
    
    34.4
    
    
    
    Proceeds from debt
    
    
    44.3
    
    
    
    
    
    
    
    0.4
    
    
    
    
    
    
    
    44.7Repayment of debt
    
    
    (58.8
    )
    
    
    (0.1
    )
    
    
    (0.4
    )
    
    
    
    
    
    
    (59.3
    )Other financing activities, net
    
    
    
    
    
    
    0.4
    
    
    
    (0.4
    )
    
    
    
    
    
    
    Net cash used in financing activities
    
    
    (14.5
    )
    
    
    (32.0
    )
    
    
    (2.5
    )
    
    
    34.4
    
    
    
    (14.6
    )Effect of exchange rate changes on cash
    
    
    
    
    
    
    
    
    
    
    (5.8
    )
    
    
    
    
    
    
    (5.8
    )Net (decrease) increase in cash and cash equivalents
    
    
    (0.6
    )
    
    
    (9.0
    )
    
    
    10.8
    
    
    
    
    
    
    
    1.2Cash and cash equivalents beginning of period
    
    
    1.3
    
    
    
    10.1
    
    
    
    113.0
    
    
    
    
    
    
    
    124.4Cash and cash equivalents end of period
    
    $
    0.7
    
    
    $
    1.1
    
    
    $
    123.8
    
    
    $
    
    
    
    $
    125.6
  20




---



##### Table of Contents



Item 2.
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations
   
    
    actions by, and our ability to maintain existing business
relationships and practices with, suppliers, customers, carriers and
other third parties;
 
    
    loss of any of our key executive officers;
 
    
    our ability to consummate and integrate potential acquisitions;
    
    unexpected costs or disruptions to our business or internal controls
associated with the implementation of important technology
initiatives, including those relating to our enterprise resource
planning and e-commerce capabilities;
    
    the effect of political, economic, credit and financial market conditions, inflation and interest rates worldwide;
    
    the effect of changes in laws and regulations, including changes in
accounting standards, trade, tax, price controls and other regulatory
matters;
    
    increased competition from other companies in our industry and our
ability to retain or increase our market share in the principal
geographical areas in which we operate;
    
    foreign currency exchange rate fluctuations; and
    
    our ability to generate sufficient funds to meet our debt obligations,
capital expenditure program requirements, ongoing operating costs,
acquisition financing and working capital needs.
    21




---



##### Table of Contents



Overview
      Factors Affecting Our Operating Results
 General
  Foreign Currency
     22




---



##### Table of Contents



Acquisitions
  Product / Service
    
    
    
    BusinessAcquisition Date
    
    Entity/Business Name
    
    Offering
    
    Location
    
    SegmentMarch 31, 2011
    
    Alfalab Hurtownia Chemiczna Sp. z o.o
    
    Laboratory supply
    
    Poland
    
    European LabFebruary 1, 2011
    
    AMRESCO Inc. (AMRESCO)
    
    Biochemical and reagent manufacturing
    
    United States
    
    North American LabSeptember 1, 2010
    
    Labart sp. z o.o. (Labart)
    
    Laboratory supply
    
    Poland
    
    European LabSeptember 1, 2010
    
    Quantum Scientific, Crown Scientific and Global
Science (collectively ANZ Lab)
    
    Laboratory supply
    
    Australia & New Zealand
    
    North American Lab
    Results of Operations
 Net Sales
  Three Months Ended March 31,Change2011
    
    
    2010
    
    
    Amount
    
    
    %North American Lab
    
    $
    568.7
    
    
    $
    491.4
    
    
    $
    77.3
    
    
    
    15.7
    %European Lab
    
    
    400.1
    
    
    
    358.3
    
    
    
    41.8
    
    
    
    11.7
    %Science Education
    
    
    22.4
    
    
    
    24.6
    
    
    
    (2.2
    )
    
    
    (8.9)
    %Total
    
    $
    991.2
    
    
    $
    874.3
    
    
    $
    116.9
    
    
    
    13.4
    %
    23




---



##### Table of Contents



Gross Profit
  Three Months Ended March 31,2011
    
    
    2010Gross profit
    
    $
    284.8
    
    
    
    256.7Percentage of net sales (gross margin)
    
    
    28.7
    %
    
    
    29.4
    %
   Selling, General and Administrative Expenses
  Three Months Ended March 31,2011
    
    
    2010Selling, general and administrative expenses
    
    $
    220.1
    
    
    $
    202.6Percentage of net sales
    
    
    22.2
    %
    
    
    23.2
    %
   24




---



##### Table of Contents



Operating Income (Loss)
  Three Months Ended March 31,% of Net
    
    
    
    
    
    
    % of Net2011
    
    
    Sales
    
    
    2010
    
    
    SalesNorth American Lab
    
    $
    35.7
    
    
    
    6.3
    %
    
    $
    29.4
    
    
    
    6.0
    %European Lab
    
    
    33.4
    
    
    
    8.3
    %
    
    
    27.1
    
    
    
    7.6
    %Science Education
    
    
    (4.4
    )
    
    
    (19.6)
    %
    
    
    (2.4
    )
    
    
    (9.8)
    %Total
    
    $
    64.7
    
    
    
    6.5
    %
    
    $
    54.1
    
    
    
    6.2
    %
     Interest Expense, Net of Interest Income
  Other Income (Expense), Net
   25




---



##### Table of Contents



Income Taxes
      Liquidity and Capital Resources
       26




---



##### Table of Contents



Historical Cash Flows
 Operating Activities
  Three Months Ended March 31,2011
    
    
    2010Cash flow from operations, excluding working capital
    
    $
    37.3
    
    
    $
    29.9Cash flow from working capital changes, net
    
    
    (45.2
    )
    
    
    (4.9
    )Cash flow from operations
    
    $
    (7.9
    )
    
    $
    25.0
   Investing Activities
  Financing Activities
   27




---



##### Table of Contents



Contractual Obligations
  Commitments and Contingencies
  Off-Balance Sheet Arrangements
  Critical Accounting Policies
  New Accounting Standards
  
 Item 3.
    
    Quantitative and Qualitative Disclosures about Market Risk
   28




---



##### Table of Contents



Item 4.
    
    Controls and Procedures
    
 PART II. OTHER INFORMATION
 
 Item 1.
    
    Legal Proceedings
  
 Item 1A.
    
    Risk Factors
   29




---



##### Table of Contents



Item 6.
    
    Exhibits
 ExhibitNumber
    
    Description of Documents
    
    Method of Filing31.1
    
    
    Certification of Principal Executive
Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
    
    Filed herewith.31.2
    
    
    Certification of Principal Financial
Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
    
    Filed herewith.32.1
    
    
    Certification of Principal Executive
Officer pursuant to 18 U.S.C. 1350
(Section 906 of the Sarbanes-Oxley Act of
2002).
    
    Furnished herewith.32.2
    
    
    Certification of Principal Financial
Officer pursuant to 18 U.S.C. 1350
(Section 906 of the Sarbanes-Oxley Act of
2002).
    
    Furnished herewith.
  30




---



##### Table of Contents



Signature
  VWR FUNDING, INC.Date: May 10, 2011
    By:
    /s/ Theresa A. BalogName:
    Theresa A. BalogTitle:
    Vice President and Corporate Controller
(Chief Accounting Officer and 
Duly Authorized Officer)  31




---



##### Table of Contents



EXHIBIT INDEX
 ExhibitNumber

    
    Description of Documents
    
    Method of Filing31.1
    
    
    Certification of Principal Executive
Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
    
    Filed herewith.31.2
    
    
    Certification of Principal Financial
Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
    
    Filed herewith.32.1
    
    
    Certification of Principal Executive
Officer pursuant to 18 U.S.C. 1350
(Section 906 of the Sarbanes-Oxley Act of
2002).
    
    Furnished herewith.32.2
    
    
    Certification of Principal Financial
Officer pursuant to 18 U.S.C. 1350
(Section 906 of the Sarbanes-Oxley Act of
2002).
    
    Furnished herewith.
  32