(PRESS RELEASE) GENEVA, Switzerland, 8-Jan-2020 — /EuropaWire/ — SGS acquires nationally recognized clinical research organization serving the cosmetic and personal care industry, Thomas J. Stephens & Associates, Inc. (Stephens).
“This acquisition expands SGS’s Consumer & Retail service portfolio in the clinical testing sector for cosmetic and personal care products in the USA. The combination of Stephens and SGS Harrison Research Laboratories in New Jersey gives SGS a leading position in this field in the USA,” explained Frankie Ng, CEO of SGS.
Stephens is headquartered in Richardson, Texas, USA and with a facility in Phoenix, Arizona. Founded by Thomas J. Stephens, Ph.D. in 1989. It is a privately owned leading provider of safety & efficacy testing and contract research services. In 2019 the company generated revenues of approximately USD 15 million (almost 13.5 million Euros). Stephens has nearly 100 employees.
SGS, headquartered in Geneva, Switzerland, is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. SGS employs more than 94,000 professionals and operates over 2,600 offices and laboratories worldwide.
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SOURCE: SGS SA