Intertek acquires Food International Trust (FIT-Italia) in Italy
FIT-Italia provides a wide range of assurance, testing and certification services, and is an accredited inspection body and test laboratory in both food and microbiology with well established relationships with many of Italy's largest retailers. To date, FIT-Italia is also the only Italian company accredited to deliver the IFS Food Store Inspection program, an initiative developed by retailers and recognised by the Global Food Safety Initiative (GFSI). Complementing Intertek's existing assurance and testing services, the acquisition will give our customers access to a full service portfolio that includes supplier management, auditing, certification, point of sales inspection, labelling validation, training, regulatory consulting, product risk assessment and shelf life studies, as well as laboratory testing.
With its multiple accreditations and competencies, scientific expertise and best in class customer tools and processes, FIT-Italia will support Intertek's growth strategy in assurance services for the food market. Combining FIT-Italia with Intertek's international food offering, will provide local and global customers with a compelling proposition to support their supply chain efficiency and compliance needs whilst gaining competitive advantage and demonstrating due diligence in food safety.
Founded in 2007 and privately owned, FIT-Italia employs 15 people across two facilities located in Bergamo and Fermo. The business generated revenues of around EUR2 million in 2014. The acquisition is expected to close in January 2016.
Commenting on the acquisition, Andr? Lacroix, Chief Executive Officer of Intertek, said: "The acquisition of FIT-Italia and its complementary assurance services will strengthen Intertek's market position in quality solutions to the food sector, a sector which is growing rapidly in Italy and internationally. With its key accreditations, leading competencies and strong track record of customer service delivery, we are delighted to welcome FIT-Italia and its excellent team to Intertek."
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