LGC reports half year trading in line with expectations
Management confirms that trading is in line with expectations, with very good momentum expected to continue through the second half of the year to 31 March 2020.
Acquisition of Toronto Research Chemicals
LGC acquired Toronto Research Chemicals (TRC) on 9 August 2019, a leading manufacturer of synthetic organic bio-chemicals which are used as reference standards, research tools and building blocks by a highly diversified global customer base across the pharmaceutical, biotech and applied sectors.
TRC has a leading market position supported by an extensive product portfolio with over 46,000 compounds held in inventory and a wide breadth of synthetic and analytical chemistry capabilities. Its products make a crucial contribution to the drug discovery process as well as quality assurance.
The acquisition of TRC complements LGC’s existing reference standards business, including the MikromolTM and Dr EhrenstorferTM product portfolios, with commercial and operational opportunities to develop the combined product and service offering to customers globally. It also strengthens LGC’s presence in the reference standards market, in particular in the US and in APAC, providing an extended portfolio of research chemicals and reference standards to the pharma and biotech industries as well as applied markets, around the world.
TRC has built a strong reputation as a supplier of choice for customers globally and has a long history of growth, having been founded in 1982 by David and Charles Dime. TRC employs over 375 employees in Toronto and will continue to operate from its existing sites, reporting into the Standards division and working closely with LGC’s other reference standards manufacturing, distribution and commercial teams.
LGC ranks 40 in Sunday Times’ business standings
LGC is delighted to rank 40 in The Sunday Times Grant Thornton Top Track 250 league table.
LGC stands as the highest ranked life sciences company in the league table.
The 2019 ranking is an improvement on last year’s rank of 54, and a testament to LGC’s growth, now with more than 40,000 customers in over 160 countries.
The Top Track 250 league table ranks Britain’s private mid-market growth companies with the biggest sales, and includes such companies as Holland & Barrett and football's UEFA Champions League finalists, Tottenham Hotspur Football Club.