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Outsourcing

Eurofins acquires Covance’s analytical services unit for foods

by Rick Mullin
May 6, 2018 | A version of this story appeared in Volume 96, Issue 19

The Belgian analytical testing company Eurofins Scientific has agreed to acquire Covance Food Solutions, a food safety testing and consulting firm, for $670 million. Covance Food Solutions, which LabCorp acquired in 2015, operates at 12 facilities worldwide and employs 850 people. Covance Food Solutions expects to generate revenues of $160 million this year. Earlier in April, Eurofins closed a deal to acquire Protec Group’s water and food testing business in Toulouse, France.

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