September 07, 2008

Campbell Brothers buy ACIRL Pty Ltd

It is reported that diversified industrial company Campbell Brothers Ltd has snapped up Australian coal services company ACIRL Pty Ltd for AUD 76.8 million. The acquisition was made by Campbell Brothers Ltd's laboratory services division ALS Laboratory Group.

Campbell Brothers said that it has eight major laboratories and five onsite laboratories operating in NSW and Queensland, all located within close proximity to Australia’s major coal basins and export ports.

Mr Greg Kilmister MD of Campbell Brothers Ltd said that the acquisition would help Campbell Brothers grow its presence in the coal testing and superintending market in both Australia and overseas. He said that “The ACIRL acquisition complements our existing start-up coal testing operations in Australia, giving us immediate market share and brings forward our plans for further laboratories.”

He added that “The acquisition of ACIRL provides another significant step in the company’s strategy of further diversifying its analytical services business.”