Intertek Group PLC
02 November 2007
Intertek acquires Plastics Technologies Laboratories, Inc
Intertek Group plc (Intertek), the leading international provider of quality and
safety services to a wide range of industries, announces the acquisition of
Plastics Technologies Laboratories, Inc. ('PTLI'), a US plastics testing
laboratory.
Intertek purchased PTLI from Jim and Margaret Beauregard for a cash
consideration of USD5.4million (GBP2.6million). PTLI provides product and
quality testing services to the plastics industry including manufacturers of
plastics, polymers and resins, and end products made from plastics. PTLI is
located in Pittsfield, Massachusetts, USA, with around 20 employees. The company
has a strong reputation for testing services that the industries rely on,
including mechanical, thermal, flammability, optical, product stability (ageing
and weathering) and electrical testing.
Demand for testing and analytical support in the global plastics industry is
driven by the increasing development of high performance plastics in many
industries to replace old materials such as glass, metal and wood as well as the
growing demand for plastics in emerging economies.
PTLI complements Intertek's existing laboratories in the UK and the Netherlands
also providing services to the global plastics industry. In the US, PTLI will
support Intertek's international clients, including their US operations, and
customers. PTLI joins the Oil, Chemical & Agri division of Intertek.
Wolfhart Hauser, Chief Executive Officer of Intertek, commented:
'We are pleased to announce another strategic acquisition which enables Intertek
to meet increased customer demand in a growing industry. We expect the trend for
in-house plastics testing to continue to move towards outsourcing, creating
further opportunities for Intertek in this sector.'
-ends-
Contacts
Aston Swift / Sarah Ogilvie Intertek
Telephone: +44 (0) 20 7396 3400
aston.swift@intertek.com / sarah.ogilvie@intertek.com
Richard Mountain / Susanne Yule, Financial Dynamics
Telephone: +44 (0) 20 7269 7121
richard.mountain@fd.com / susanne.yule@fd.com
Notes to Editors
ABOUT INTERTEK
Intertek (LSE: ITRK) is the leading international provider of quality and safety
services to a wide range of global and local industries. Partnership with
Intertek brings increased value to customers' products and processes, ultimately
supporting their success in the global market place. Intertek has the
experience, expertise, resources and global reach to support its customers
through its extensive network of laboratories and offices, with over 20,000
people in more than 100 countries around the world. www.intertek.com
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