290 Concord Rd.
Billerica, MA 01821
CEO: James Kilts
Stock Symbol: MIL
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
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.
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.
- Medical Insurance - Blue Cross
- 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
- Employee Assistance Program
- Sabbatical leave - Unpaid leave after 5 years of service
- Flexible spending accounts