FAIRFIELD, Iowa and CAXIAS DO SUL, Brazil, Aug. 11, 2017 /PRNewswire/ -- The Global ID Group ("Global ID" or "the Company"), a Paine Schwartz Partners, LLC portfolio company and a market leading platform dedicated to providing food safety and food quality solutions, today announced that it has acquired Analitus Análises Biotecnológicas ("Analitus"), a leading food safety testing laboratory based in Rio Grande do Sul, Brazil. Financial terms of the transaction were not disclosed.
Established in 2013 following a spin-off from EcoCerta Laboratory, Analitus brings to Global ID a complementary Brazilian and Latin American-focused offering of testing and analytic capabilities for allergens, species-specific animal detection, GMOs, pesticides, mycotoxins, residues and contaminants. Analitus employs and invests in cutting-edge technology, with security, speed and accuracy, to ensure greater sensitivity in its results. The addition of Analitus' multidisciplinary team of employees, proven technology and R&D capabilities will help make Global ID a one-stop shop for food testing and certification services.
Guilherme Thomazi, General Director of Analitus, will continue to lead the Analitus business as General Manager of Testing Services of Analitus under Global ID.
Mr. Thomazi said, "We are excited to join Global ID and to take our business to the next level, here in Brazil, in Latin America and around the world. Our strong team of dedicated professionals has helped build Analitus into a market leader through technological development and we are proud of their efforts. We believe this transaction provides a great opportunity for our employees and will enable us to better serve our customers as we continue working to achieve our mission as part of Global ID."
Ken Ross, CEO of Global ID said, "Through the acquisition of Analitus, we are uniting two market leaders and expanding Global ID's international presence as the demand for food safety and quality continues to increase. We know the Analitus team well, having partnered with them in Brazil for more than five years. We see significant growth potential in this combination and the opportunity to further differentiate ourselves, driven by complementary service offerings and synergy with our existing Brazil and Latin American businesses. We look forward to welcoming the talented Analitus team to the Global ID family and to providing our customers a more expansive offering of world class testing and certification services."
About Global ID
Global ID Group companies provide integrated food safety and food quality solutions that address the challenges and opportunities in the rapidly evolving food industry. Serving more than 15,000 clients in over 100 countries with a market-leading portfolio of testing, inspection, certification, and consulting services, the Global ID Group helps companies navigate the increasingly regulated global food economy demanding higher levels of transparency, accountability, safety and sustainability.
About Paine Schwartz Partners
A global leader in sustainable food chain investing, Paine Schwartz Partners is a private equity firm that focuses on investment opportunities in the fast-growing, dynamic global food and agribusiness sectors. The firm's investment, operations and finance professionals invest throughout cycles across the food and agribusiness value chain and bring a collaborative and active management approach to portfolio companies. The firm currently invests through its $893 million Paine Schwartz Food Chain Fund IV, which is solely dedicated to food and agribusiness investing. For further information, see www.paineschwartz.com.
Andy Brimmer / Aaron Palash
Joele Frank, Wilkinson Brimmer Katcher
View original content:http://www.prnewswire.com/news-releases/global-id-acquires-analitus-300503220.html
SOURCE Global ID Group