On the 30th November 2017 HRL completed the acquisition of Analytica Laboratories Limited.
The acquisition is transformational and positions HRL for its next stage of growth by expanding the business’ capabilities and expertise in new markets. Key benefits to HRL include:
- Highly complementary acquisition adding scale and enhancing competitive position
- Provides rapid entry into the high value environmental and food/agriculture testing market, building on HRL’s strategy to focus on more sophisticated and advanced analysis with higher barriers to entry
- Leverages highly skilled technical and operational staff across a broader operational base
- Provides ability to leverage strong existing brand and reputation when entering new markets
- Complements existing operations through advanced technology and equipment
CAIQtest (Pacific), an incorporated joint venture led by Analytica (26% interest) and supported by the Chinese Academy of Inspection and Quarantine provides a unique opportunity to support the growing export market to China. CAIQtest (Pacific) is a New Zealand based laboratory, providing pre-shipment testing services for clients exporting goods from Australasia to China assisting greatly with supply chain bottlenecks. CAIQtest (Pacific) developed a first mover advantage by achieving accreditation with the Chinese National Accreditation Service (August 2017) for a broad dairy testing scope.