Eurofins Scientific joins United Natural Products Alliance
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Eurofins Scientific joins United Natural Products Alliance

Global laboratory group Eurofins Scientific has used a powerful acquisition strategy to increase its networks massively in recent years. Now, the company is increasing its networking capabilities again, albeit via a different route: by joining the United Natural Products Alliance (UNPA), a trade association for companies in the natural health products industry. The company joined UNPA at the end of last month, signing on as a science and technology service.

Eurofins Scientifics’ share price has risen by 15% over the last 12 months

graph 0605 eurofins

SOURCE: Yahoo Finance

UNPA’s president, Loren Israelsen, said: “Eurofins is one of the world’s leading lab organisations. The company brings national and international capabilities and a wide range of services of real value to UNPA members and the industry, including around food safety, the Food Safety Modernisation Act, DNA testing and GMO testing and certification. The Eurofins membership strengthens our already very strong Science & Technology Services member roster, which represents best-in-class analytics and science. We are honoured to have the company and its team join the UNPA family.”

Eurofins has a portfolio of more than 150,000 analytical methods, making it an immensely comprehensive source for laboratory services and a highly respected provider of food-safety services. The company’s business unit manager for Eurofins Supplement Analysis Center, Jason Mulligan, said:

“UNPA has helped define the rules of the game in governing dietary supplements. By addressing key regulatory, economic and political issues impacting the dietary supplements industry, including analytical method development in support of DSHEA, UNPA stands out as a premier trade association for natural health product companies. As an analytical laboratory, we are thrilled to join UNPA’s forward-leaning membership and have an opportunity to help advance the quality, safety and responsible growth of our industry.”

Disclosure

Dominion holds Eurofins Scientific in its Global Trends Managed Fund.


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