SGS acquires IPS Testing, USA
SGS is pleased to announce the acquisition of Integrated Paper Services, Inc. (IPS Testing), USA.
Headquartered in Appleton, Wisconsin, IPS Testing is an independent testing laboratory offering physical and analytical testing for paper, pulp, nonwoven fabrics, medical supplies and packaging in both the consumer and supplier environments.
Founded in 1988 and privately owned, IPS Testing employs 52 staff and is expected to generate 2016 revenues in excess of USD 5 million.
"This transaction strengthens our position in the paper and non woven segments and complements the acquisition of SGS Courtray in France in the hygiene market," said Frankie Ng, CEO of SGS. "As well as increasing our footprint in the United States, which is a strategically important market, it also gives us the opportunity to deploy these services globally."
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 85,000 employees, SGS operates a network of over 1,800 offices and laboratories around the world