ALS : acquires TECAM Laboratory Group in Brazil

asx/media

release

10 January 2017

ALS Food Safety Strategy gathers further momentum with the acquisition of TECAM Laboratories in Brazil.

ALS Limited (ASX Code: ALQ) advises that it has acquired the TECAM laboratory group in Brazil. TECAM was founded in 1992 and operates two Food Safety laboratories in the Sao Paulo region of Brazil. TECAM employs 80 staff and provides a full range of services to food growers, processors, distributors and retailers. TECAM also services the growing cosmetics industry in Brazil.

ALS has acquired 100% of the shares in TECAM with part of the purchase price deferred over a two-year period contingent on the business achieving certain financial hurdles. TECAM is one of the largest Food Safety laboratory groups in the region and has an excellent reputation for high quality and exceptional client service in Brazil and more broadly throughout South America.

Greg Kilmister, CEO of ALS, commented, "TECAM is a great cultural fit for ALS and is an important further step in our global Food Safety strategy. Brazil is the world's ninth largest economy and an important food producer and consumer."

"TECAM has built an enviable reputation over the last two decades and will enable ALS to expand its Food Safety services not just in Brazil but across Latin America. TECAM will benefit from ALS' technical capabilities including our world class LIMS and Client Portal. The original shareholders of TECAM are remaining with ALS and are excited about the development opportunities ALS brings to the operations. In South America, ALS now operates Food Safety laboratories in Peru, Colombia and Brazil."

-ENDS-

Further information: Greg Kilmister Managing Director ALS Limited

[phone]

About ALS Limited

ALS is a global Testing, Inspection & Certification business. The company's strategy is to broaden its exposure into new sectors and geographies where it can take a leadership position.