Leatherhead Food International Limited is acquired by Science Group Plc
Leatherhead Food International Ltd, a subsidiary of Leatherhead International Limited, today announces a major investment by Science Group plc (AIM: SAG.L), a global science and technology advisory and product development organisation. In future, the business will operate as Leatherhead Research Ltd and will continue to provide technical consultancy services, including scientific research, regulatory advice, market insights, and testing services to the food and drink industry.
“Leatherhead has strong history of operating in the global food & drinks marketplace dating back almost a century,” says Dr Geoff Spriegel, Chief Executive, Leatherhead. “The last 12-18 months have been challenging for our business, particularly due to a legacy pension deficit, but with the investment from Science Group supported by the obvious synergies, our position is strengthened, both financially and technically. Working with like-minded scientists will undoubtedly lead to innovative solutions in the food industry, particularly at this time when the industry faces tough challenges and innovation is a vital part of the solution.”
Founded in 1919, Leatherhead Food Research is a trusted partner to the food industry and has developed a worldwide reputation for expertise in regulatory consultancy, product development, consumer research, nutrition science, food safety, information services and training.
The Science Group offers independent advisory and leading-edge product development focused on science and technology initiatives. Its specialist companies, Sagentia, Oakland Innovation and OTM Consulting, collaborate closely with their clients in key vertical markets to deliver clear returns on technology and R&D investments.
“The global food and beverage marketplace is an exciting and growing sector. We view the acquisition of Leatherhead, a very well established brand with a strong client base and staff, as strengthening the Science Group’s position in this market, supplementing our existing Sagentia and Oakland Innovation operations,” remarks Martyn Ratcliffe, Chairman, Science Group plc. “The combined businesses form a substantial UK player in this global industry. “
Further details of the acquisition can be found at http://www.sciencegroup.com/news/
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