BRC Global Standards accelerates transition towards brand protection leader status following sale to LGC Group
BRC Global Standards – the world’s largest provider of safety and quality standards programmes for food and non-food manufacture, packaging, storage and distribution – has announced a transfer of ownership which marks the next stage in its strategic transition from being a standards owner to a brand and consumer protection organisation with a range of products and services designed to help its customers deal with the challenges of producing safe, high quality products for the end consumer on a global basis.
This takes the form of a major investment by LGC Group, the leading international life sciences measurement and testing company, which will now become the majority shareholder in the company.
Until now, BRC Global Standards has been 100% owned by the British Retail Consortium (BRC), the Trade Association for the UK’s retail industry. The BRC will retain a minority stake in BRC Global Standards and have a seat on its Board “to ensure continuity and stability” for customers and specifiers.
The investment will also fuel international growth planned by BRC Global Standards over the next five years to add to its existing presence in the UK, India and the US, enable the investigation of wider consumer and brand protection solutions – including Health and Safety, predictive analytics and ethical trading – and underpin planned investment in IT development that enables real-time business intelligence for supply chains.
The same successful management team members who have grown the company into the thriving international business it is today will lead this transition.
LGC is an ideal owner for BRC Global Standards. The two are like-minded organisations with a strong commitment to quality. BRC Global Standards will be integral to LGC’s future growth strategy since it offers a range of additional ‘Supply Chain Assurance’ services that will be of great interest to existing LGC customers. In addition, there are strong synergies between the existing international structures at both LGC and BRC Global Standards.
Consumer and brand protection solutions
Commenting on the acquisition, Mark Proctor (CEO of BRC Global Standards) outlined: “We’re delighted to have LGC Group as the new owner of our business since it has an international presence to support our growth plans and a customer base who will benefit from our services. This investment will also enable us to save more lives by expanding our product offering and cementing our position as a recognised global leader in consumer and brand protection solutions.“
Euan O’Sullivan, managing director of LGC’s Standards Division, added: “We’re delighted to be adding BRC Global Standards to our standards division. BRC Global Standards is a globally recognised and respected brand. We very much look forward to working with BRC Global Standards’ management to continue internationalising the business while also developing new and innovative solutions for meeting our customers’ needs.”