LUXEMBOURG--(BUSINESS WIRE)--Regulatory News:
Eurofins (Paris:ERF):
Eurofins Scientific (EUFI.PA), the global leader in food testing services, announces the successful acquisition of Craft Technologies, Inc. (“Craft Technologies”), a leading contract laboratory providing analysis of nutrients, vitamins, carotenoids, bioflavonoids and phytochemicals.
Craft Technologies, located in Wilson, North Carolina, employs a team of top scientists and technical staff serving private industry, governments and academia world-wide. The laboratory occupies over 10,000 square feet and includes a range of instrumentation for high performance liquid chromatography (HPLC), ultra-high performance liquid chromatography (UHPLC), gas chromatography (GC), mass spectrometry (MS), spectrophotometric, fluorometric, enzyme-linked immunosorbent assays (ELISA) and clinical testing. Craft Technologies brings a broad scope of analytical services to Eurofins for products ranging from human and animal foods, dietary supplements, biological samples and tissues.
“I am excited to have Neal Craft and his team bringing strength in the area of testing for biologically active components,” said Lars Reimann, Chief Scientific Officer, Eurofins Scientific. “They have capabilities that are a nice addition to the assays currently performed within the Eurofins Group.”
Craft Technologies carries with it a portfolio of work in fighting global nutrition challenges. Most recently, the laboratory received funding from the Bill and Melinda Gates Foundation to identify and test methods of collecting finger-stick blood spot samples and measuring 11 nutritional biomarkers. The goal is to apply the findings of this research in developing countries with adverse health, environmental and infrastructure conditions.
Since its founding, Craft Technologies has been involved in global nutrition assessment. In 1994 the laboratory developed a test for Vitamin A in dried blood spot that has since been used in over 17 developing nations. The biochemical analysis the laboratory provides enables clients around the globe to test components in a broad variety of matrices and determine if populations in developing countries are in need of nutritional intervention.
Recent work at the lab has focused on meeting analysis needs for Vitamin K, Vitamin D, bixin/norbixin, curcuminoids, anthocyanins, less common carotenoids, nutritional biomarkers, and very high-resolution separations. Craft Technologies will also bring new vitamin analyses to the Eurofins Group, including assays for hydroxylated Vitamin D and Vitamin D metabolites in biological samples, and Vitamin K tests for menaquinones.
“Craft Technologies has good technical competence, a strong customer focus and I cannot see anything more fitting,” said Reimann.
Statement from Neal Craft, President, Craft Technologies, Inc.: “We are looking forward to a bright future with Eurofins and we are hoping to make a significant contribution in areas that the group may not have a large presence currently. For a long time, people have said that Craft Technologies is the best kept secret in this area. By becoming part of the Eurofins international group of labs we will be able to let the secret out and have a bigger impact as a result of this association.”
Statement from David Bryant, Group Senior Vice President Food Testing North America: “Neal and his team bring us tremendous synergy with their deep level of expertise and experience. From a technical standpoint, their knowledge of testing and assay development in food chemistry and nutritional supplements is well known within industry and government agencies. Craft Technologies’ continued pursuit of excellence and commitment to developing new technical competencies is important to the mission of Eurofins’ and for our customers’ satisfaction.”
Notes for the editor:
Eurofins – a global leader in bio-analysis
Eurofins Scientific through its subsidiaries (hereinafter sometimes “Eurofins” or “the Group”) believes it is the world leader in food, environment and pharmaceutical products testing and that it is also one of the global independent market leaders in certain testing and laboratory services for agroscience, genomics, discovery pharmacology and for supporting clinical studies. In addition, Eurofins is one of the key emerging players in specialty clinical diagnostic testing in Europe and the USA. With over 30,000 staff in 400 laboratories across 42 countries, Eurofins offers a portfolio of over 150,000 analytical methods for evaluating the safety, identity, composition, authenticity, origin and purity of biological substances and products, as well as for innovative clinical diagnostic. The Group objective is to provide its customers with high-quality services, accurate results on time and expert advice by its highly qualified staff.
Eurofins is committed to pursuing its dynamic growth strategy by expanding both its technology portfolio and its geographic reach. Through R&D and acquisitions, the Group draws on the latest developments in the field of biotechnology and analytical chemistry to offer its clients unique analytical solutions and the most comprehensive range of testing methods.
As one of the most innovative and quality oriented international players in its industry, Eurofins is ideally positioned to support its clients’ increasingly stringent quality and safety standards and the expanding demands of regulatory authorities around the world.
The shares of Eurofins Scientific are listed on the Euronext Paris Stock Exchange (ISIN FR0000038259, Reuters EUFI.PA, Bloomberg ERF FP).
Important disclaimer:
This press release contains forward-looking statements and estimates that involve risks and uncertainties. The forward-looking statements and estimates contained herein represent the judgment of Eurofins Scientific’s management as of the date of this release. These forward-looking statements are not guarantees for future performance, and the forward-looking events discussed in this release may not occur. Eurofins Scientific disclaims any intent or obligation to update any of these forward-looking statements and estimates. All statements and estimates are made based on the information available to the Company’s management as of the date of publication, but no guarantee can be made as to their validity.
