LGC sells its chemicals business to SGS
12 Jan 2011
LGC announces the sale of its Runcorn-based chemicals business to SGS
LGC, a leading independent provider of diagnostic and analytical testing services and reference materials to the public and private sectors, is pleased to announce the sale of its chemical characterisation business at Runcorn in the UK to SGS, the world’s leading inspection, verification, testing and certification company. The sale includes the assets of the business, comprising analytical instruments and a team of eight highly specialised staff serving the oil, gas and chemical industry.
The effective date of the transfer of LGC’s chemical business is 1 January 2011. Transferred staff will join the SGS Oil, Gas and Chemicals Services division which is the market leader in independent, specialised and technical services to the oil, gas and chemical industries. In early 2011 the staff will transfer to the SGS laboratories in Ellesmere Port which were extended and upgraded in autumn 2010.
Derek Craston, Director of LGC’s Science & Technology Division and the Government Chemist, commented: “I’m very pleased that SGS will be taking up the opportunity to build on this highly skilled operation into the future, with this team of excellent scientists. This business is no longer a ‘good fit’ with the rest of our activities here at LGC but we are confident that it has an excellent and sustainable future as part of SGS”.
Notes to editors:
SGS (http://www.sgs.com) is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognised as the global benchmark in quality and integrity. With over 59,000 employees, SGS operates a network of over 1,000 offices and laboratories around the world.
Originally founded in 1878 in Rouen as French grain shipment inspection house, the Company was registered in Geneva as Société Générale de Surveillance in 1919. Shares of SGS were first listed on (SWX) Swiss Exchange in 1985. Since 2001, SGS has only one class of shares consisting of registered shares.
The core services offered by SGS can be divided into three categories: Inspection Services; Testing Services and Certification Services.