BRC Global Standards acquired by LGC

LGC Group has acquired the majority share of BRC Global Standards

Scientific testing specialist LGC Group has acquired a majority share in food safety and quality standards programme provider BRC Global Standards, for an undisclosed sum.

Previous owner, the British Retail Consortium, will retain a minority stake in BRC Global Standards and will remain on its board to ensure an easy transition for its customers.

The investment by LGC, which was founded in 1996 by the privatisation of the Laboratory of the Government Chemist, will fuel BRC Global Standards’ global expansion plans over the next five years, according to the company.

These expansion plans include: enabling investigation of a wider range of health and safety issues, predictive analytics and ethical trading and IT development to enable real-time business intelligence for supply chains.

Overseeing the buyout

It is unclear whether there will be any job losses as part of the takeover, but BRC Global Standards did confirm that its management team would be overseeing the buyout.

BRC Global Standards ceo Mark Proctor said that LGC’s international presence would support the organisation’s growth plans. Its customer base would benefit from BRC Global Standards’ services.

“This investment will also enable us to save more lives by expanding our product offering and cementing our position as a recognised global leader in consumer and brand protection solutions,” added Proctor.

Euan O’Sullivan, md of LGC’s Standards Division said BRC Global Standards complemented the organisation’s existing strengths across testing and food standards.

‘Internationalising the business’

We look forward to working with BRC Global Standards’ management to continue internationalising the business while developing new and innovative solutions to meet our customers’ needs,” continued O’Sullivan.

BRC Global Standards provides safety and quality standards programmes for food manufacture, packaging, storage and distribution that are used by 24,000 companies across 130 countries.

Meanwhile, there have been a number of food company acquisitions over the past month.

This month saw Cranswick acquire Dunbia’s Ballymena pork business, Greencore purchase US firm Peacock Foods and Cooplands being saved from administration after being bought out. 

FoodManufactureJobs Set up a Job Alert

Related News

Greencore reported a 9.1% rise in like-for-like sales

Greencore confident of mitigating Brexit threats

Cranswick's underlying revenue was "well ahead" of the previous year

Cranswick’s Far East export sales continue rising

Ranjit Singh Boparan

Boparan acquisitions in 2016 – in pictures

Danone, Pioneer and Cranswick all feature in this photogallery of Acquisitions

Top food and drink acquisitions of the year – so far

Finsbury is on the hunt for acquisitions, after posting operating profit up 78% to £8M

Finsbury Food Group to focus on acquisitions

Fyffes has expanded its mushroom business in Canada

Fyffes seals mushroom acquisition

Omron acquisition extends its robot offering

Omron acquisition extends its robot offering

It's a deal: food and drink sector M&As rose by 11% in the first quarter

Food firm mergers and acquisitions rise 11%

Central Supplies has acquired Goole-based Littletown Farm

Central Supplies acquires Littletown Farm

Related Products

See more related products

Submit a comment

Your comment has been saved

Post a comment

Please note that any information that you supply is protected by our Privacy and Cookie Policy. Access to all documents and request for further information are available to all users at no costs, In order to provide you with this free service, William Reed Business Media SAS does share your information with companies that have content on this site. When you access a document or request further information from this site, your information maybe shared with the owners of that document or information.