Acquisition

RNS Number : 7398Z
Intertek Group PLC
21 March 2012
 



Intertek acquires 4th Strand LLC (4th Strand)

Intertek Group plc (Intertek), the leading international provider of quality services to a wide range of industries, announces that it has acquired 4th Strand, a provider of product quality and benchmarking services to the retail industry in North America.

The company was purchased from its management shareholders for a total consideration of USD 6.4 million (GBP 4.1 million). 

4th Strand's services are used by retailers in their analysis of product lines and also in the development of higher quality own-brand products. The company's analytical, benchmarking and advisory services help customers evaluate the performance of products during procurement and ensure consistent brand and product quality where different suppliers are used.

As large retailers develop more of their own-brand products to increase sales and profitability, increased quality support is required as their product development capabilities are normally less extensive compared to the branded product manufacturers. This is driving additional strong demand for 4th Strand's solutions as an independent expert in this field.

4th Strand's expertise in the support of retail procurement and own-brand consulting complements Intertek's portfolio of quality services for the retail and consumer products sector. The company has 12 people and is based in Georgia, USA. It will form part of Intertek's Consumer Goods division.

 

Wolfhart Hauser, Chief Executive Officer of Intertek, commented: 

 

"We are pleased to welcome 4th Strand to Intertek. Their services will increase our consulting capability to existing North American and global clients who seek to deliver high quality products under their own-brand labels and to our customers more broadly in the area of product benchmarking."

 

Contacts

Aston Swift / Sarah Ogilvie Intertek

Telephone: +44 (0) 20 7396 3400     

aston.swift@intertek.com / sarah.ogilvie@intertek.com

 

Richard Mountain, FTI

Telephone: +44 (0) 20 7269 7121

richard.mountain@fti.com 

 

Corporate website: www.intertek.com 

 

 

About Intertek

Intertek is a leading provider of quality and safety solutions serving a wide range of industries around the world.

From auditing to inspection, to testing, quality assurance and certification, Intertek people are dedicated to adding value to customers' products and processes, supporting their success in the global marketplace.

Intertek has the expertise, resources and global reach to support its customers through its network of more than 30,000 people in over 1,000 laboratories and offices in more than 100 countries.

 

Intertek Group plc (LSE: ITRK) is listed on the London Stock Exchange and is a constituent of the FTSE 100 index.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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