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Deal will enable us to expand platform and enter new markets - Alchemy

23-Jan-2013

Alchemy Systems has said that its acquisition by a private equity group will allow the firm to expand its training platform and enter new markets.

The food and workplace safety training firm, which was taken over by The Riverside Company, works with ConAgra Foods, JBS and Kellogg’s.

Alchemy said it helps food companies effectively train employees to reduce safety incidents, increase productivity and comply with government and industry regulations.

Jeff Eastman, Alchemy’s chief executive officer, said: “Riverside will help us to further invest in developing innovative solutions that meet the growing needs of our customers and the industry as a whole.”

Loren Schlachet, Riverside managing partner, added: “Laws and regulations around food safety are becoming increasingly stringent, and Alchemy’s cost-effective and proven training solutions are ideal for meeting those growing needs.”