Acquisition

2 Nov 2007 07:00

Intertek Group PLC02 November 2007 Intertek acquires Plastics Technologies Laboratories, Inc Intertek Group plc (Intertek), the leading international provider of quality andsafety services to a wide range of industries, announces the acquisition ofPlastics Technologies Laboratories, Inc. ('PTLI'), a US plastics testinglaboratory. Intertek purchased PTLI from Jim and Margaret Beauregard for a cashconsideration of USD5.4million (GBP2.6million). PTLI provides product andquality testing services to the plastics industry including manufacturers ofplastics, polymers and resins, and end products made from plastics. PTLI islocated in Pittsfield, Massachusetts, USA, with around 20 employees. The companyhas a strong reputation for testing services that the industries rely on,including mechanical, thermal, flammability, optical, product stability (ageingand weathering) and electrical testing. Demand for testing and analytical support in the global plastics industry isdriven by the increasing development of high performance plastics in manyindustries to replace old materials such as glass, metal and wood as well as thegrowing demand for plastics in emerging economies. PTLI complements Intertek's existing laboratories in the UK and the Netherlandsalso providing services to the global plastics industry. In the US, PTLI willsupport Intertek's international clients, including their US operations, andcustomers. PTLI joins the Oil, Chemical & Agri division of Intertek. Wolfhart Hauser, Chief Executive Officer of Intertek, commented:"We are pleased to announce another strategic acquisition which enables Intertekto meet increased customer demand in a growing industry. We expect the trend forin-house plastics testing to continue to move towards outsourcing, creatingfurther opportunities for Intertek in this sector." -ends- ContactsAston Swift / Sarah Ogilvie IntertekTelephone: +44 (0) 20 7396 3400aston.swift@intertek.com / sarah.ogilvie@intertek.com Richard Mountain / Susanne Yule, Financial DynamicsTelephone: +44 (0) 20 7269 7121richard.mountain@fd.com / susanne.yule@fd.com Notes to EditorsABOUT INTERTEKIntertek (LSE: ITRK) is the leading international provider of quality and safetyservices to a wide range of global and local industries. Partnership withIntertek brings increased value to customers' products and processes, ultimatelysupporting their success in the global market place. Intertek has theexperience, expertise, resources and global reach to support its customersthrough its extensive network of laboratories and offices, with over 20,000 people in more than 100 countries around the world. www.intertek.com This information is provided by RNS The company news service from the London Stock Exchange