World Grain - April 2011 - 116

SUPPLIERNEWS

Eurofins signs agreement to acquire Lancaster Laboratories, Inc.
PARIS, FRANCE — Euroﬁns Scientiﬁc SE announced Feb. 24 that it has signed a deﬁnitive agreement to acquire Lancaster Laboratories, Inc. from Thermo Fisher Scientiﬁc, Inc., Waltham, Massachusetts, U.S., for approximately $200 million, subject to post-closing adjustments. With approximately 1,100 employees in the U.S. and Ireland, Lancaster, Pennsylvania, U.S.-based Lancaster is a leading provider of pharmaceutical product-testing services and GMP Quality Control (QC) in North America. In addition, it operates one of the leading environmental testing laboratories in the U.S. Lancaster has been growing rapidly over the last 50 years and generated sales of approximately $115 million in 2010. With this bolt on acquisition, the Euroﬁns Group becomes a global leader in this very stable and recurring business and signiﬁcantly enlarges its North American footprint. The company said it is a further expression of Euroﬁns’ commitment to serve the pharmaceutical and biotechnology industries with laboratory services of the highest quality and reliability. The Euroﬁns Group said the acquisition reinforces its leadership in terms of scale and quality of service on a wide range of laboratory activities for the pharmaceutical and biopharmaceutical industries in North America, Europe and Asia. The Euroﬁns Group noted that Lancaster is also one of the oldest, largest and most reputable environmental testing laboratories in the U.S., and it has a solid reputation for excellence in service quality and reliability and enjoys long standing relationships with many Fortune 500 clients. The company said Lancaster’s strong position and reputation for top quality service in environmental testing in the U.S. ﬁts well with Euroﬁns’ strategy of being a global market leader with a focus on providing high quality services to large global corporations. The Euroﬁns Group said that completion of the transaction is expected by the end of May and is subject to applicable regulatory approvals and customary closing conditions. Implied EV/EBITDA multiple is in line with levels previously communicated for transactions of this size and Euroﬁns’ value-creation objectives. Given that Lancaster is already a single-site laboratory in the U.S., no site consolidations or restructuring costs are foreseen as a result of this acquisition.

Intersystems launches line of distributors, new belt conveyor model
OMAHA, NEBRASKA, U.S. — Intersystems announced on Feb. 25 that it has launched two new products to its already extensive bulk material handling line: distributors and triple idler enclosed belt conveyors. Intersystems said the addition of these products expands its commitment as a full-line supplier of heavy duty bulk material handling equipment. Both the triple idler conveyor and the distributors are key products to the grain and feed industries. Intersytems said its customers will be able to easily integrate these products with Intersystems’ existing line of bulk material handling equipment. The triple idler conveyor, named the RollerFLO 3i enclosed belt conveyor, features side idler support brackets with easy two-bolt removal, external ﬂange bearings, heavy duty idlers, two-way head discharges, reloading tail with a “quick clamped” hinged tail shroud and a selfcleaning spiral wing tail pulley. Results of thorough testing and temperature readings ensure reliable performance. The 3i joins the company’s original RollerFLO to meet a variety of enclosed belt conveying needs. The distributor’s initial product offering consists of spout sizes ranging from 10 to 30 inches and 4-hole to 20-hole in full round or ﬂat back models with swing valve available as well. Intersystems also noted that other features included are: an electric direct drive rotary encoder for ease of maintenance and installation; a thrust bearing used to take the load of the distributor spout and live load; bidirectional rotation; rotary position sensor; a seal plate; and weatherproof and dust-tight construction.

Craig Jones joins Intersystems as sales manager
OMAHA, NEBRASKA, U.S. — Intersystems announced on Feb. 23 the addition of Craig Jones as sales manager. Jones will be responsible for marketing the company’s line of bulk material handling equipment to the feed, grain, pet food, ethanol and other related industries in his southwest United States territory. With 20 years in the industry, Jones has served as a plant manager for Cargill’s Animal Nutrition division and a sales representative for Borton, LLC. Most recently, he was a sales manager for Tramco, Inc.

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World Grain - April 2011

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