Intertek Acquires LME Approved LSI Metals Assay Laboratory Business Wire ROTTERDAM, Netherlands -- November 26, 2012 Intertek, a leading provider of quality testing, inspection and safety services to a wide range of industries around the world, has acquired Dutch metals testing Laboratory Services International B.V. (LSI). LSI, a London Metal Exchange (LME) approved assay facility, provides exchange and umpire analysis services for non-ferrous metals and concentrates as well as ferro-alloys. Registered in the Netherlands, LSI services producers, traders and end users of metals and minerals with high quality commercial settlement analytical services on a global basis. The LSI acquisition provides Intertek immediate entry into the global non-ferrous metals and metals concentrate as well as ferro-alloy inspection and testing market. As a commercial non-ferrous metals and metal concentrate testing facility, LSI gives Intertek a European based, LME approved, 3rd party, independent party assay exchange and umpire assay facility. LSI provides party assay exchange assay and umpire laboratory services, using advanced instrumental techniques (XRF, ICP), classical procedures (wet chemistry) and “fire assay” to determine metal purities and concentrations, producing impartial data which is used by clients for commercial settlement purposes. John Fowler, Vice President, Global Minerals, said, “There are attractive market advantages for LSI inside the Intertek organization. LSI has a reputation for strong management and technical credibility in non-ferrous metal and concentrate assaying services. When combined with Intertek’s global inspection services network, opportunities for expansion are created.” Jay Gutierrez, Executive Vice President, Commodities, said, “With LSI now part of Intertek’s global minerals operations team, a smooth integration with our global inspection and testing services is underway. LSI’s technical and managerial expertise in commercial assays will strengthen and broaden the capabilities of the Intertek minerals trade team.” Learn more about Intertek’s Minerals and Metals services: *www.intertek.com/minerals/ *www.lsi-assays.com/ About Intertek Intertek is a leading provider of quality and safety solutions serving a wide range of industries around the world. From auditing and inspection, to testing, quality assurance and certification, Intertek people add value to customers’ products and processes, supporting their success in the marketplace.With anetwork of more than 1,000 laboratories and offices and 33,000 people in over 100 countries,Intertek helps clients meet end requirements for quality, health, environmental, sustainability, safety and social accountability. www.intertek.com About LSI Founded in March 1994 by Dr. Brian Studd, LSI provides non-ferrous metal, ferro-alloys and metal concentrates commercial settlement assays to miners, producers, traders and end consumers. LSI was the first non-British laboratory to be listed by the London Metal Exchange (LME) in 1998, and now serves over 200 clients worldwide. www.lsi-assays.com Contact: Intertek John Fowler, +61 8 9251 8100 Vice President, Minerals John.Fowler@Intertek.com or Local Contact: Anteun Oosterhoff, +31 (0)10 495 47 98 Technical Director, LSI email@example.com or Media Contacts: Kaeti Fallens, +61 (0) 8 9251 8100 Minerals Marketing Manager firstname.lastname@example.org or Erik Holladay, +1 713 407 3500 Global Marketing Director, Commodities email@example.com
Intertek Acquires LME Approved LSI Metals Assay Laboratory
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