SGS Acquires Quality Compliance Laboratories Inc., Canada
SGS is pleased to announce the acquisition of Quality Compliance Laboratories Inc. (QCL). Based in Markham (Toronto), Ontario with a satellite laboratory in Montreal, Quebec, QCL is a GMP compliant laboratory providing analytical testing to the pharmaceutical, nutraceutical and cosmeceutical industries.
Founded in 2005 and privately owned, QCL employs 65 highly skilled professional staff and is licensed with Health Canada and registered with the US Food and Drug Administration.
It is expected to generate 2015 revenues in excess of CAD 7.5 million.
“The acquisition of QCL adds to our market leading position in pharmaceutical testing in Canada,” said Frankie Ng, CEO of SGS. “It adds important capacity in Toronto and a laboratory in Montreal, both of which will allow us to better serve our growing Canadian client base.”
For further information, please contact:
Jean-Luc de Buman
Communications & IR
SGS SA, 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 92 00
SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 80,000 employees, SGS operates a network of over 1,650 offices and laboratories around the world.