makes tests for cancer-causing mycotoxins which are formed by fungi, molds

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Waters Corp. to lay off 70, close Holland office

Boston Business Journal - 1:58 PM EST Tuesday

Boston Business Journal - MA

http://boston.bizjournals.com/boston/stories/2006/03/06/daily20.html

Chemical, thermal and optical analysis equipment maker Waters Corp.

plans to lay off about 70 workers in the U.S. and Europe and to

shutter a sales office in the Netherlands during this year's third

quarter.

In an SEC filing, the Milford, Mass., company (NYSE: WAT) said it

would spend between $5 million and $7 million on the cost-reduction

and expense-reallocation plan.

At the end of last year, Waters employed 4,500 people worldwide.

Earlier this month, Waters bought Watertown, Mass., food-testing kit

maker Vicam, which makes tests for cancer-causing mycotoxins, which

are formed by fungi, molds and other microbiological organisms.

In addition, the company plans to close a sales and demonstration

office in the Netherlands in the third quarter of 2006.

Waters earned $205 million last year on $1.2 billion in sales, which

grew 5 percent over 2004 revenue.