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Waters Corporation

Waters Corporation
Leadership team

Mr. Amol Chaubal (Sr. VP & CFO)

Dr. Udit Batra Ph.D. (Pres, CEO & Director)

Dr. Belinda Gaye Hyde Ph.D. (Sr. VP & Chief HR Officer)

Products/ Services
Search Engine
Number of Employees
1,000 - 20,000
Headquarters
Milford, Massachusetts, United States
Established
1905
Company Registration
SEC CIK number: 0001000697
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
NYSE:WAT
Social Media
Overview
Location
Summary
Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans. It also designs, manufactures, sells, and services thermal analysis, rheometry, and calorimetry instruments; and develops and supplies software-based products that interface with its instruments, as well as other manufacturers' instruments. Its MS technology instruments are used in drug discovery and development comprising clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing. The company offers thermal analysis, rheometry, and calorimetry instruments for use in predicting the suitability and stability of fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids for various industrial, consumer good, and healthcare products, as well as for life science research. Its products are used by life science, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental customers working in research and development, quality assurance, and other laboratory applications. Waters Corporation was founded in 1958 and is headquartered in Milford, Massachusetts.
History

The business was started by James Logan Waters as Waters Associates in an office in the basement of a police station in Framingham, Massachusetts, in 1958.Waters enrolled in the V-12 Navy College Training Program, an officer training program, and graduated from Columbia University as an ensign with a B.S. degree in Physics in 1946. After stints as a university math teacher, Naval officer, project engineer, and entrepreneur, Waters formed Waters Associates in 1958. The fledgling firm's first offices were in the rented basement of the Framingham, Mass. police station.

During these years, Waters Associates was what is now referred to as a research boutique. Companies would contract Waters and his five employees to build one-of-a-kind instruments for various purposes. Early products included a boiler feedwater flame photometer, a balloon hydrometer, a nerve gas detector, a lab refractometer and process control refractometers. While from its start the company had been self-financed, with proceeds from an earlier business sale, Waters opened Waters Associates to external ownership in 1962.

The company's first major break came when Dow Chemical bought one of Waters’ first gel permeation chromatography instruments, Dow Chemical made an additional investment of $400,000. By 1979, Dow Chemical had attained nearly 25 percent ownership in Waters.

In 1967, the ALC 100, the first Waters LC system, was brought to market. According to Leslie S. Ettre in a review about Jim Waters, the LC system was formally introduced at the 1968 Pittsburgh Conference. It was a benchtop system equipped with a Milton Roy pump, syringe injection, and two detectors: a Waters differential refractometer and a UV detector from the Laboratory Data Control Co.

In 1969, Dimitri D’Arbeloff, then president of Millipore Corporation, joined the corporation's board of directors. Millipore's venture capital subsidiary made a $600,000 equity investment in Waters.

Waters next big break came in 1972 when Dr. Helmut Hamberger, chief post-doc for Nobel Laureate Dr. Robert Woodward of Harvard University, sought Jim Waters’ help to the first synthesis of vitamin B12. Dr. Hamberger wanted to purify the positional isomers, which were needed to give him the right compound for the final stages of the synthesis. Working with Dr. Hamberger, the pair took two days to develop a separation, five more days to obtain larger columns to scale up the separation, and three more days to prep his material. In the end, the two had isolated and purified 200 mg of the precursor compound.In 1972, Waters Associates appointed Frank Zenie president. A year later, headquarters moved from Framingham to a semi-rural 26-acre site in Milford, Massachusetts. Waters became chairman, and continued in that role until the company merged with Millipore in 1980, and was rechristened the Waters Chromatograph Division. The sought-for synergies between the two companies never materialized, however. And, in 1993, Waters returned to independence under the leadership of Chairman, President, and Chief Executive Officer Douglas A. Berthiaume.

In 1997 Waters entered mass spectrometry market with acquisition of Micromass for $176 million.In 2006, Waters acquired Vicam, provider of bioseparation and rapid detection products for improving food safety and quality.On 11 June 2012, Waters India celebrated its silver jubilee anniversary in India.In January 2020, Waters acquired Andrew Alliance, an innovator company in specialty laboratory automation technology, including software and robotics.In September 2020, Waters announced Udit Batra, Ph.D. as the company's President and Chief Executive Officer.

Mission
Waters Corporation is dedicated to helping bring brilliant ideas to life and make a positive impact in the world. We are passionate about our mission to inspire, innovate and deliver the technical products, scientific instruments and expertise our customers need to answer the most complex questions.
Vision
Our goal at Waters Corporation is to create a better way to do science and enable discovery. We strive to be the partner of choice that accelerates innovation, advances discovery, and solves the world's most challenging scientific problems.
Key Team

Mr. Jonathan M. Pratt (Sr. VP of Waters Division)

Ms. Jianqing Y. Bennett (Sr. VP of TA Instruments Division)

Mr. Christos Ross (Sr. VP of Global Operations)

Caspar Tudor (Manage of Investor Relation)

Ms. Keeley A. Aleman (Sr. VP, Gen. Counsel & Corp. Sec.)

Kevin Kempskie (Sr. Director of PR)

Ms. Kristen Garvey (VP of Corp. Communications)

Recognition and Awards
Waters Corporation has received numerous awards and recognitions, including the R&D 100 Award for its groundbreaking nano-LC System, which is the world’s first integrated nano-scale liquid chromatography system for use in proteomics. Waters was also recognized by Financial Times and Forbes as a top employer and sustainability leader, as well as recently being named a 2018 FLNE Cycle 3 Awardee for supporting its local community in Massachusetts.
References

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Waters Corporation
Leadership team

Mr. Amol Chaubal (Sr. VP & CFO)

Dr. Udit Batra Ph.D. (Pres, CEO & Director)

Dr. Belinda Gaye Hyde Ph.D. (Sr. VP & Chief HR Officer)

Products/ Services
Search Engine
Number of Employees
1,000 - 20,000
Headquarters
Milford, Massachusetts, United States
Established
1905
Company Registration
SEC CIK number: 0001000697
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
NYSE:WAT
Social Media