Eurofins has acquired a majority stake in a food testing provider in Latin America to boost its footprint in the region.
Eurofins Scientific (EUFI.PA) acquired the 52% majority stake in GCL/Fundación Chile (GCL) this week.
GCL offers a range of analytical services for the food industry, and has competencies in microbiology, chemistry and physicochemical analyses.
The acquisition facilitates a solid platform to roll-out Eurofins’ technology and network capabilities in Chile, with food being the country’s second largest export sector.
Dr Gilles Martin, Eurofins CEO, said: “GCL provides Eurofins a solid entry into the food testing market in Chile and an excellent opportunity to support its thriving food industry.
“We are looking forward to strengthening GCL’s position in the market by offering the full range of services and capabilities of the Eurofins Group."