Mérieux NutriSciences is acquiring the food testing business of Bureau Veritas for €360 million.
“This acquisition…will significantly enhance our ability to serve our customers, and ultimately increase our contribution to the safety, quality, and sustainability of global food systems,” said Nicolas Cartier, CEO of Mérieux NutriSciences.
This acquisition includes microbiological and chemical analysis, as well as molecular testing, through a network of 34 laboratories and 1,900 staff across 15 countries in the Americas, Africa, and Asia Pacific.
Mérieux NutriSciences is also in discussions with New Zealand-based AsureQuality to continue existing joint ventures in Australia and Southeast Asia. This acquisition will extend Mérieux NutriSciences’ operations to 32 countries and will double its presence in Canada and the Asia Pacific region.
“We are pleased to partner with Mérieux NutriSciences…whose global footprint and proven expertise is the perfect fit for our food business and would allow it to thrive and to contribute to make food systems safer, healthier and more sustainable,” said Hinda Gharbi, CEO of Bureau Veritas.
The transaction is expected to close by the end of this year, pending regulatory clearance in certain regions.
Source: www.foodincanada.com