Eurofins Reinforces Its Footprint in Latin America with the Acquisition of a
Majority Stake in GCL Chile
LUXEMBOURG -- March 12, 2013
Regulatory News :
Eurofins Scientific (Paris:ERF) (EUFI.PA), the global leader in food and feed
testing, announces that it has signed an agreement to acquire a 52% majority
stake in GCL/Fundación Chile (GCL), the leading food testing service provider
in the country.
As the national reference in food testing, GCL offers the most comprehensive
range of analytical services for the entire food industry, and has strong
competencies in microbiology, chemistry and physicochemical analyses. The
acquisition facilitates a solid platform to roll-out Eurofins’ technology and
network capabilities in Chile and the rest of the region, and allow GCL to
further develop its competencies and expand its range of services. Established
in 2003 by Fundaciόn Chile, GCL employs 180 staff in its sites in Santiago and
As one of the top food suppliers in the world, the food industry is Chile’s
second largest export sector. The Food and Agricultural Organization (FAO) of
the United Nations estimate that by 2030, the food industry will represent
about 35% of Chile’s GDP, from under 25% at present^1, implying significant
growth prospects. Whilst the acquisition provides Eurofins an entry into the
attractive food testing market in Chile, the strength of the Group’s
state-of-the-art laboratory network, and its international footprint should
support the country’s growing food industry.
Comment from Dr. Gilles Martin, Eurofins CEO: “GCL provides Eurofins a solid
entry into the food testing market in Chile and an excellent opportunity to
support its thriving food industry. We are looking forward to strengthening
GCL’s position in the market by offering the full range of services and
capabilities of the Eurofins Group.”
Comment by Andrés Pesce, VP for Business Development & Investment at Fundación
Chile: “With this transaction Fundación Chile closes an important cycle in its
aim to foster the development of Chile through innovation; firstly, by being a
pioneer in the field of food safety by founding GCL, and now, partnering with
the world leader in food testing. The arrival of Eurofins is an important
milestone for Chile’s food industry, where growth depends on compliance to the
ever more strict quality & safety standards that consumers around the world
^1 US Department of Commerce
For more information, please visit www.eurofins.com
Notes for the editor:
Eurofins – a global leader in bio-analysis
Eurofins Scientific is the world leader in food and pharmaceutical products
testing. It is also number one in the world in the field of environmental
laboratory services and one of the global market leaders in agroscience,
genomics, discovery pharmacology and central laboratory services.
With over 13,000 staff in more than 170 laboratories across 34 countries,
Eurofins offers a portfolio of over 100,000 reliable analytical methods for
evaluating the safety, identity, composition, authenticity, origin and purity
of biological substances and products. The Group provides its customers with
high-quality services, accurate results in 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 NYSE Euronext Paris Stock
Exchange (ISIN FR0000038259, Reuters EUFI.PA, Bloomberg ERF FP).
About Fundación Chile
Fundación Chile (FCh) is a unique public-private partnership fostering
innovations that “move the boundary of possibility.” Its partners are the
Chilean government and BHP Billiton – Escondida Mine. We partner globally to
provide a high impact response to address our country’s challenges—ultimately,
today’s global challenges: sustainability, human capital development,
healthier food, and digitalization. Since our creation in 1976 by the Chilean
government and ITT Corporation, this non-profit has generated over two billion
dollars in social value in industries and enterprises initiated by FCh.
FCh is a “do-tank,” pioneering new sectors through a portfolio of capacity
building initiatives, demonstrative companies, and enabling technology
services. We are best known for jumpstarting the farmed salmon industry in the
1980s, launching Chile’s first venture capital funds in the 1990s, moving into
renewable energy in the 2000s and launching Latin America’s first Climate
Exchange. The organization’s dynamic response to the country’s ever changing
needs speaks of challenges faced to remain competitive in a global context.
This press release contains forward-looking statements and estimates that
involve risks and uncertainties. The forward-looking statements and estimates
contained herein represent the judgement of Eurofins Scientific’ 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 data available to the
Company as of the date of publication, but no guarantee can be made as to
Eurofins Investor Relations
Phone: +32-2-766 1620
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