GENEVA, 26-Sep-2016 — /EuropaWire/ — SGS is pleased to announce the acquisition of the assets and license of John R. McCrea Agency, Inc. (McCrea), an official designated inspection agency licensed by the US Department of Agriculture.
McCrea is active in the US States of Illinois and Iowa in the densest area of the Midwest Corn Belt. It inspects grains and by-products for export and also performs domestic quality settlements with growers. The acquisition is expected to generate annual revenues of approximately USD 0.5 million.
“This acquisition will give us the opportunity to enhance our designated territory for official inspection, and to replicate services which were previously outside McCrea’s scope,” said Frankie Ng, CEO of SGS.
For further information, please contact:
Jean-Luc de Buman
Communications & IR
SGS SA, 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 92 00
SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 85,000 employees, SGS operates a network of over 1,800 offices and laboratories around the world.
SOURCE: SGS SA