Evans Analytical Group, Inc. (EAG) has acquired PTRL West, Inc. based in Hercules, CA, and PTRL Europe GmbH in Ulm, Germany. Both will continue to operate under their current names and locations as divisions of EAG. Financial terms were not disclosed.
PTRL serves the regulatory testing needs of agrochemical companies on a global basis. PTRL provides specialized services in analytical chemistry and residue analysis, environmental fate and metabolism to assist in the required regulatory testing to bring new pesticides to market and to perform testing required for re-registrations of compounds. PTRL meets regulatory requirements of the U.S. EPA, U.S. FDA, EU, REACH, OECD and JMAFF agencies.
Harry Davoody, chief executive officer of EAG said, “Both PTRL and EAG value our customer relationships first and foremost. The acquisition of PTRL was very compelling to EAG and fits into EAG’s overall growth strategy in offering a broader range of high-end analytical services for new and existing customers of EAG. EAG’s different divisional strengths complement each other with their best-in-class subject matter expertise which is highly valued by our specialized customers.”
Neal McCarthy, managing director of Fairmount Partners, who assisted PTRL and EAG with the transaction, said “With the acquisition of PTRL, EAG has added the finest agrochemical lab in North America and Europe, and with Dr. Luis Ruzo and Dr. Thomas Class and the other PTRL scientists, EAG adds world class experts in the field of agrochemicals, to its impressive roster of scientific talent.”