Eurofins strengthens its footprint in food testing in New Zealand with the acquisition of Agfirst Bay of Plenty
July 26 2016 - 1:30AM
Business Wire
Regulatory News:
Eurofins (Paris:ERF):
Eurofins Scientific (EUFI.PA), the world leader in food testing
supporting the entire food production chain, announces the
acquisition of Agfirst Bay of Plenty, a leading fruit maturity
testing laboratory in New Zealand.
Founded over 20 years ago, AgFirst Bay of Plenty provides
independent kiwifruit maturation sampling and testing services
across its 2 facilities, strategically located in the Bay of Plenty
region of New Zealand, a region which represents approximately 80%1
of New Zealand’s kiwifruit crop. Kiwifruits is New Zealand’s
leading horticultural export product, and the industry is
experiencing a period of significant growth, with export value in
2015 estimated at NZD 1.4bn2, a 43% increase from the previous
year. AgFirst Bay of Plenty is also the leading provider of
independent avocado maturation sampling and testing services.
The acquisition of AgFirst Bay of Plenty complements Eurofins’
existing competencies and reinforces the Group’s network and
analytical capabilities to better serve the food and agricultural
industries in New Zealand, and the broader Asia Pacific region. It
also provides the Group a strong platform to support the
high-growth kiwifruit export market. In return, AgFirst Bay of
Plenty will have access to the complete portfolio of Eurofins’
services, which should enable it to solidify its leadership in its
key niche market, and at the same time expand its service
reach.
Comment from Dr. Gilles Martin, Eurofins CEO: “AgFirst
Bay of Plenty expands Eurofins food testing offering in New Zealand
and reinforces our footprint in the Asia-Pacific region. This
acquisition is consistent with our strategy of building leading
positions in niche areas in the testing market, to ensure deepest
expertise in a wide range of markets. We look forward to providing
AgFirst Bay of Plenty’s clients with access to the full range of
services and capabilities of the Eurofins Group.”
Notes for the editor:
Eurofins – a global leader in bio-analysis
Eurofins Scientific believes it is the world leader in food,
environment and pharmaceutical products testing, as well as one of
the global market leaders in agroscience, genomics, discovery
pharmacology and central laboratory services. In addition, Eurofins
is one of the key emerging players in specialty clinical diagnostic
testing in Europe and the USA.
With over 23,000 staff in more than 225 laboratories across 39
countries, Eurofins offers a portfolio of over 130,000 validated
analytical methods for evaluating the safety, identity,
composition, authenticity, origin, traceability and purity of
biological substances and products, as well as for innovative
clinical diagnostic. The Group provides its customers with
high-quality services, accurate results on time and expert advice
by its highly qualified staff.
Eurofins is committed to pursuing its dynamic growth strategy by
expanding both its technology portfolio and its geographic reach.
Through R&D and acquisitions, the Group draws on the latest
developments in the field of biotechnology and analytical chemistry
to offer its clients unique analytical solutions and the most
comprehensive range of testing methods.
As one of the most innovative and quality oriented international
players in its industry, Eurofins is ideally positioned to support
its clients’ increasingly stringent quality and safety standards
and the expanding demands of regulatory authorities and healthcare
practitioners around the world.
The shares of Eurofins Scientific are listed on the Euronext
Paris Stock Exchange (ISIN FR0000038259, Reuters EUFI.PA, Bloomberg
ERF FP).
Important disclaimer:
This press release contains forward-looking statements and
estimates that involve risks and uncertainties. The forward-looking
statements and estimates contained herein represent the judgement
of Eurofins Scientific’ management as of the date of this release.
These forward-looking statements are not guarantees for future
performance, and the forward-looking events discussed in this
release may not occur. Eurofins Scientific disclaims any intent or
obligation to update any of these forward-looking statements and
estimates. All statements and estimates are made based on the
information available to the Company’s management as of the date of
publication, but no guarantee can be made as to their validity.
1 New Zealand Horticulture Export Authority
2 March 2016 Global Agricultural Information Network
http://gain.fas.usda.gov/Recent%20GAIN%20Publications/Kiwifruit%20Sector%20Report%20-%202016_Wellington_New%20Zealand_3-24-2016.pdf
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For more informationEurofins Investor Relations+32-2-766
1620ir@eurofins.comwww.eurofins.com
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