Last checked at 21 Jul 2021 07:00
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 £4.9 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.
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