Trade Resources Company News LGC Completes Acquisition of BRC Global Standards

LGC Completes Acquisition of BRC Global Standards

Tags: LGC, food safety

Scientific testing company LGC has completed the acquisition of London-based food safety and quality standards programme provider BRC Global Standards from the British Retail Consortium for an undisclosed price.

The acquisition results in British Retail Consortium becoming a a minority stakeholder in BRC Global Standards.

The acquisition is said to help LGC in expanding its supply chain assurance offerings through a newly created business unit.

LGC Standards Division managing director Euan O’Sullivan said: “BRC Global Standards is a globally recognised and respected brand and its capabilities are highly complementary to LGC’s existing strengths across reference standards, proficiency testing and sports supplements supply chain assurance.

“We look forward to working with BRC Global Standards’ Management to continue internationalising the business while developing new and innovative solutions to meet our customers’ needs.”

For BRC Global Standards, the acquisition is expected to transform it from a standards owner into a brand and consumer protection organization.

BRC’s programmes are applicable to manufacture, packaging, storage and distribution in the food and non-food sectors.

LGC’s investment in BRC is said to accelerate the latter’s global growth over the next five years, expanding its presence beyond the UK, US and India.

According to BRC Global Standards CEO Mark Proctor, LGC’s global presence would support the company’s growth plans and gives it a wider customer base for its services.

Proctor added: “This investment will also enable us to save more lives by expanding our product offering and cementing our position as a recognised global leader in consumer and brand protection solutions.”

However, BRC’s original management team will continue to lead the company during the transition period.

Source: http://www.food-business-review.com/news/lgc-completes-acquisition-of-brc-global-standards-281116-5681330
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