Eurofins Acquires Applus Agrofood Testing, Spain
Employing around 160 staff, Applus Agrofood Testing generates revenues of over EUR 10m and is an excellent strategic fit with Eurofins' expanding footprint in Spain, Portugal and China. Over the last 20 years, it has developed into a leading food testing provider in Spain, with a high penetration of the largest consumer goods retailers in the domestic market. Applus Agrofood Testing is also a local reference laboratory in agro-environmental testing, with specific competence in pesticides testing. It operates 3 laboratory sites in Spain with 3 further satellite facilities in Spain, China and Portugal. In addition, it recently started developing consumer product testing activities in China to effectively service its European retailer customer base.
The acquisition allows Eurofins to expand its footprint and extend its current activities to a leading position in the Spanish food testing market. Applus Agrofood Testing's strong position within the retail industry in the domestic market provides the Group a solid platform to roll-out its services and capabilities to further increase penetration and market share. Furthermore, Applus Agrofood Testing should benefit from the broad range of competencies within Eurofins, and the transfer of know-how, that should further reinforce its leading position in the domestic market.
Tags: Contract Service Laboratory
Date Published: March 25, 2014
Source article link: Eurofins
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