Mon, 08 Aug 2011 | BUSINESS SALE
Staffordshire-based food and water testing company, Food Analytical Laboratories (FAL), is set to benefit from a £6 million buy-out from Intertek, the multinational testing and inspection business.
FAL, which employs 90 people at its base at the former Fegg Hayes Pottery, is to reap the benefits of the investment power of Intertek, without risking the unpredictability it would have had to face if it had sought finance from venture capital sources.
Intertek investment relations manager, Sarah Ogilvie, said both companies would draw mutual benefits from the business sale, and the were delighted that the deal had gone through.
"From our perspective, we have added FAL's skills and capabilities, and they benefit from our relationship with the big food retailers in the UK and across Europe," she said. "In our sector, niche skills are important. For example, we have a laboratory that specialises in testing honey, whereas FAL has got a lot of experience with meat."
Intertek employs more than 30,000 across the globe, operating more than 1,000 laboratories in 100 countries. The services it provides include testing, auditing, certification and inspection for a broad range of industries, including aerospace, automotive, energy, retail, agriculture, IT and pharmaceutical.
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