Friday, February 10, 2012
Des Moines, IA – Eurofins, (www.eurofinsus.com) the world leader in analytical support to the global environmental testing market, announces the acquisition of Air Toxics Inc., the leading US air testing laboratory founded in 1989 and based in Folsom, California. This key move coupled with the acquisition of Lancaster Laboratories in 2011 strengthens Eurofins’ growing presence in the US, especially in the environmental testing market.
Linda Freeman, CEO of Air Toxics, says that this decision will provide their clients with the most complete portfolio of environmental testing services being demanded in today’s marketplace. “The current market that we serve has evolved rapidly in the last 10 to 15 years, and more and more of our international customers are seeking solution providers that can provide competent services on a multinational level. With Eurofins’ extensive network of laboratories, there is no doubt that we will have ample support to meet these growing expectations. In addition, we are also very excited to form a partnership with Eurofins Lancaster so we can deliver the most comprehensive array of environmental services to our clients.”
The acquisition by Eurofins will allow Air Toxics and its staff to offer the full range of services available from Eurofins’ collection of more than 150 laboratories around the world. Behind these expanded services will be a high level of IT capabilities and systems that will allow clients to have convenient access to their data online via secure data portals, 24 hours a day, 7 days a week.
Eurofins is committed to providing the best laboratory services and client support to its customers and is dedicated to consistently providing the highest level of analytical testing technology available in the industry. “We are very pleased to have Air Toxics join our team, especially given their great reputation for customer service and technical expertise.” says Wilson Hershey, Chairman of Eurofins Lancaster. “This acquisition will provide continued momentum in our goal to not only expand our footprint in the US but also to provide the absolute best service to our customers.”
The transaction was initiated by Fairmount Partners, a middle-market investment bank based in Philadelphia, PA, who acted as exclusive financial advisor to the owners of Air Toxics. Fairmount Partners has extensive experience in working on transactions with specialty laboratories. Neal McCarthy, Managing Director, commented “we are very excited to have found a partner for Air Toxics who can capitalize on the high-quality reputation that Air Toxics has built for itself. We look forward to watching Air Toxics grow with Eurofins as its partner.”
Air Toxics Ltd. (www.airtoxics.com) is an analytical laboratory specializing in the analysis of air using a wide range of EPA, CARB, ASTM, and NIOSH methods. Its capabilities range from parts per trillion volume (pptv) analysis of ambient air to identifying organics in high level sources, and from routine analysis to sophisticated special technical services. A continuing commitment to data integrity, investment in advanced instrumentation and technologies, and dedicated client service have made Air Toxics the premier test facility for the analysis of air samples.
In addition to the industry-leading analytical expertise, Air Toxics maintains one of the largest canister inventories of any laboratory in the world. With regulatory action levels being driven lower and lower, the importance of cleaning and certifying media to those levels is paramount to compliance. The company’s continuous investment in new canisters and flow controllers is indicative of its commitment to maximum compliance.
Eurofins Scientific is the world leader in food and pharmaceutical products testing. It is also number one in the world in the field of environmental laboratory services and one of the global market leaders in agroscience, genomics and central laboratory services.
With about 9,500 staff in more than 150 laboratories across 30 countries, Eurofins offers a portfolio of over 100,000 reliable analytical methods for evaluating the safety, identity, composition, authenticity, origin and purity of biological substances and products. The Group provides its customers with high-quality services, accurate results in 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 around the world.
The shares of Eurofins Scientific are listed on the NYSE Euronext Paris Stock Exchange (ISIN FR0000038259, Reuters EUFI.PA, Bloomberg ERF FP).
Principals of Fairmount Partners acted as advisors to Air Toxics Ltd. in this transaction.
Contact: Neal McCarthy