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Thursday, 5 January 2017

Merck acquires food safety testing company in US

DARMSTADT, GERMANY: Merck KGaA said that it has acquired a global leader in food safety testing, BioControl Systems Inc. The acquisition opens growth opportunities for Merck in the food and beverage space; particularly in the US Confidentiality has been agreed on the financial details of the transaction.
Headquartered in Washington (US), BioControl's established rapid detection technology and third-party validated testing platforms complement Merck's portfolio of instruments and consumables in its applied solutions business geared to the food pathogen testing workflow.
The acquisition is in line with the strategy of Merck's life science business to expand in key geographies and provide a differentiated experience to customers in applied settings, including food and beverage safety testing. While the business will continue to focus on microbial quality control solutions for pharmaceutical production processes and products, an area where the business currently has a leading market share, the acquisition will enable Merck to offer a complete food pathogen testing platform to its customers in the food and beverage safety testing market.
BioControl's product portfolio includes pathogen detection kits to identify these food poisoning bacteria in food and ingredients and its key customers include meat producers.
"BioControl's acquisition strengthens our ability to help customers protect the global food supply by providing an expansive portfolio of state-of-the-art testing technology," said Udit Batra, member of the Merck executive board and CEO, Life Science business.
"Merck's global market presence as a leader in laboratory sciences will introduce BioControl's innovative, customer oriented solutions to a much broader base worldwide while providing existing customers with access to Merck's food safety product portfolio and expertise,” said Phil Feldsine, president and chief executive of BioControl.
Achelous Partners acted as financial advisor to BioControl on this transaction. Nixon Peabody LLP represented Merck in the transaction.
© Worldofchemicals News
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