30th Sep 2008 07:00
Intertek acquires H.P. White Laboratory Inc (USA) Intertek Group plc (Intertek), the leading international provider of quality andsafety services to a wide range of industries, announces the acquisition of H.P.White Laboratory Inc (HP White), a personal protective equipment testing companyin Maryland, USA. Intertek purchased HP White from its management shareholders, Craig and EricDunn, for an initial cash consideration of USD 36.9 million (GBP 20.0 million).A deferred consideration payment of up to USD 6.0 million (GBP 3.2 million) ispayable in October 2009, dependant on financial performance. HP White provides ballistic resistance testing and certification programs forpersonal protective equipment (PPE). PPE includes vests, visors and helmets andcomposite materials used in vehicular protection such as glass, steel, aluminiumand ceramics. PPE products are used by governments in domestic enforcement andsecurity, and the private security sector. HP White is a market-leader in PPE testing in the US with clients that includesome of the world's major PPE manufacturers and US governmental agencies andholds valuable accreditations needed to test products being supplied to theseagencies. PPE must meet specific regulatory and government agency standards.Demand for testing, inspection and certification of PPE is growing due toincreasing use of PPE by wider ranges of civil and domestic security forces anddue to constant development of product designs to increase functionality,performance and comfort. Many different types of manufacturing companies producePPE product lines. HP White has 40 staff based in Street, Maryland. The acquisition will form partof Intertek's Commercial & Electrical division. Wolfhart Hauser, Chief Executive Officer of Intertek, commented: "HP White is another good acquisition for Intertek and gives us a strongpresence in a parallel market. We already test PPE products against fire andchemical hazards. By adding ballistic resistance testing to this, we can expandand cross-sell services to our customers and offer a more comprehensive serviceto the PPE industry." -ends- ContactsAston Swift / Sarah Ogilvie, IntertekTelephone: +44 (0) 20 7396 3400aston.swift@intertek.com / sarah.ogilvie@intertek.com Richard Mountain / Sophie Kernon, Financial DynamicsTelephone: +44 (0) 20 7269 7121richard.mountain@fd.com / sophie.kernon@fd.com Notes to Editors ABOUT INTERTEK Intertek (LSE: ITRK) is a leading provider of quality and safety solutionsserving a wide range of industries around the world. From auditing andinspection, to testing, quality assurance and certification, Intertek people arededicated to adding value to customers' products and processes, supporting theirsuccess in the global marketplace. Intertek has the expertise, resources andglobal reach to support its customers through its network of more than 1,000laboratories and offices and over 23,000 people in 110 countries around theworld. www.intertek.com Copyright Business Wire 2008Related Shares:
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