SGS Invests in the United States Agriculture Market by Acquiring Two Companies Operating in the Midwest
Mid Iowa Grain Inspection Inc.
SGS is pleased to announce the acquisition of Mid Iowa Grain Inspection Inc. based in Cedar Rapids, Iowa.
Mid Iowa Grain Inspection Inc. is a leading supplier of grain inspection and grading services in the USA. Mid Iowa is an Official Designated Agency with the Federal Grain Inspection Service (FGIS).
Founded in 1976 and privately owned, Mid Iowa employs 70 staff in 4 Midwestern US States and had revenues in excess of US$ 2.8 million in 2006.
Mid-West Seed Services, Inc.
SGS also announces the acquisition of Mid-West Seed Services Inc. based in Brookings, South Dakota.
Mid-West Seed Services Inc is the leading independent provider of seed testing to the agronomic and vegetable seed industries. The Company was founded in 1993 and employs 93 full-time and part-time employees. Revenues in 2006 were US$ 5.6 million.
These acquisitions are an important platform on which to continue building and growing our Agricultural Services products and markets in the United States and are in line with our strategic growth targets.
For further information, please contact:
Jean-Luc de Buman
Corporate Communications & Investor Relations
SGS SA, 1 place des Alpes, CH - 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 98 61
The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognised as the global benchmark in quality and integrity.With more than 48,000 employees, SGS operates a network of over 1,000 offices and laboratories around the world.