Intertek Group PLC Acquisition (8948F)
21 Julio 2021 - 1:00AM
UK Regulatory
TIDMITRK
RNS Number : 8948F
Intertek Group PLC
21 July 2021
INTERTEK EXPANDS INTO ATTRACTIVE AGRI-FOOD & BEVERAGE MARKET
IN BRAZIL WITH ACQUISITION OF LEADING FOOD TESTING COMPANY
21 July 2021
-- The demand for mission-critical, end-to-end Total Quality
Assurance (TQA) solutions within the Agri-Food and Beverage sectors
will continue to grow as supply chains become more complex amid
heightened consumer expectations
-- Acquisition presents a compelling opportunity to enter the
fast growing agri-food & beverage testing market in Brazil, one
of the largest food producers and exporters globally
-- JLA's scale and service offering complementary to Intertek's
existing Assurance-led proposition, bringing enhanced service
capabilities to leading FMCG customers
More information is available here:
https://www.intertek.com/investors/jla-brazil-video/
Intertek Group plc ("Intertek" and "Group"), a Total Quality
Assurance provider to a range of industries worldwide, is pleased
to announce that it has acquired JLA Brasil Laboratório de Análises
de Alimentos S.A. JLA Brazil ("JLA"), a market-leading independent
provider of Food, Agri and Environmental testing solutions based in
Brazil.
As the complexity underpinning global food supply chains
intensifies, driven by increasing regulation and heightened
consumer expectations, the demand for mission-critical, end-to-end
Total Quality Assurance (TQA) solutions will continue to grow. The
acquisition of JLA presents a compelling opportunity to enter the
fast growing food testing sector in Brazil, which is one of the
largest markets globally in terms of agri-food and beverage
production value. Brazil is one of the leading exporters of food
product categories such as meat, poultry, soybean and sugar cane
that must comply with strict testing and certification
requirements.
Established in 1990, JLA serves as a trusted partner to some of
the world's leading Fast Moving Consumer Goods (FMCG) companies,
providing a range of microbiological, chemical testing and
inspection services from its laboratories and sample collection
points in Sao Paulo.
With more than 170 employees and a strong track record of
organic growth, JLA generated revenues of GBP4.9 million in
2020.
André Lacroix, Chief Executive Officer of Intertek, said: "The
demand for food and beverage testing solutions has accelerated in
recent years as global supply chains become more complex, the
importance of hygiene and safety increases and consumers demand
more sustainable, healthier products. The acquisition of JLA
expands Intertek's existing Food and Agri Assurance capabilities,
taking us into the attractive food testing market in Brazil, one of
the largest exporters of agri-food products in the world. We
welcome the JLA team to Intertek and look forward to working
together to seize the attractive opportunities ahead by leveraging
our industry-leading ATIC (Assurance, Testing, Inspection,
Certification) solutions for our clients."
For further information please contact:
Denis Moreau, Investor Relations
Telephone: +44 (0) 20 7396 3415 investor@intertek.com
Ed Bridges/James Styles, FTI Consulting
Telephone: +44 (0) 20 3727 1000 scintertek@fticonsulting.com
About Intertek
Total Quality. Assured.
Intertek is a leading Total Quality Assurance provider to
industries worldwide.
Our network of more than 1,000 laboratories and offices in
more than 100 countries, delivers innovative and bespoke Assurance,
Testing, Inspection and Certification solutions for our customers'
operations and supply chains.
Intertek Total Quality Assurance expertise, delivered consistently,
with precision, pace and passion, enabling our customers to
power ahead safely.
intertek.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ACQEAXXEAFPFEFA
(END) Dow Jones Newswires
July 21, 2021 02:00 ET (06:00 GMT)
Intertek (LSE:ITRK)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Intertek (LSE:ITRK)
Gráfica de Acción Histórica
De May 2023 a May 2024