Campbell Brothers Limited (ASX:CPB) says it’s increasing its food testing operations with acquisitions made in the UK worth $39 million.
The purchase will be funded from the company’s existing cash reserves and is expected to be finalised next month.
The commercial services company has already established themselves in 55 countries around the world.
Campbell’s chief says expanding the food-testing facilities in the UK and Ireland will establish their global food and pharmaceutical testing business which will build their presence in Europe.
In the first half of the 2012 financial year Campbell Brothers reported a net profit of $102.6 million.
CPB Price at posting:
$12.60 Sentiment: None Disclosure: Held
