Intertek Group PLC
Intertek acquires H.P. White Laboratory Inc (USA)
Intertek Group plc (Intertek), the leading international provider of quality and
safety services to a wide range of industries, announces the acquisition of H.P.
White Laboratory Inc (HP White), a personal protective equipment testing company
in Maryland, USA.
Intertek purchased HP White from its management shareholders, Craig and Eric
Dunn, for an initial cash consideration of USD 36.9 million (GBP 20.0 million).
A deferred consideration payment of up to USD 6.0 million (GBP 3.2 million) is
payable in October 2009, dependant on financial performance.
HP White provides ballistic resistance testing and certification programs for
personal protective equipment (PPE). PPE includes vests, visors and helmets and
composite materials used in vehicular protection such as glass, steel, aluminium
and ceramics. PPE products are used by governments in domestic enforcement and
security, and the private security sector.
HP White is a market-leader in PPE testing in the US with clients that include
some of the world's major PPE manufacturers and US governmental agencies and
holds valuable accreditations needed to test products being supplied to these
agencies. PPE must meet specific regulatory and government agency standards.
Demand for testing, inspection and certification of PPE is growing due to
increasing use of PPE by wider ranges of civil and domestic security forces and
due to constant development of product designs to increase functionality,
performance and comfort. Many different types of manufacturing companies produce
PPE product lines.
HP White has 40 staff based in Street, Maryland. The acquisition will form part
of Intertek's Commercial & Electrical division.
Wolfhart Hauser, Chief Executive Officer of Intertek, commented:
'HP White is another good acquisition for Intertek and gives us a strong
presence in a parallel market. We already test PPE products against fire and
chemical hazards. By adding ballistic resistance testing to this, we can expand
and cross-sell services to our customers and offer a more comprehensive service
to the PPE industry.'
-ends-
Contacts
Aston Swift / Sarah Ogilvie, Intertek
Telephone: +44 (0) 20 7396 3400
aston.swift@intertek.com / sarah.ogilvie@intertek.com
Richard Mountain / Sophie Kernon, Financial Dynamics
Telephone: +44 (0) 20 7269 7121
richard.mountain@fd.com / sophie.kernon@fd.com
Notes to Editors
ABOUT INTERTEK
Intertek (LSE: ITRK) is a leading provider of quality and safety solutions
serving a wide range of industries around the world. From auditing and
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 1,000
laboratories and offices and over 23,000 people in 110 countries around the
world.
www.intertek.com
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