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SGS expands in Belgium with Oleotest deal

By Joseph James Whitworth

- Last updated on GMT

Picture: iStock
Picture: iStock
SGS has acquired Oleotest NV for an undisclosed amount.

Oleotest is a provider of chemical testing services in food, feed and agricultural commodities. The lab is ISO 17025 certified and based in Belgium.

The company is a member of the Grain and Feed Trade Association (GAFTA) and a recognised laboratory by the Netherlands Oils, Fats and Oilseeds Trade Association (NOFOTA).

Established in Antwerp and privately owned, the company generated 2017 revenues of €1.5m.

Analysis services cover vegetable oil and fats, cereals and derived products, milk powder and flour.

“This acquisition will provide fast entry into a complementary segment for chemical analyses, strengthening our leading position for agriculture, food and life in Belgium​,” said Frankie Ng, CEO of SGS.

With more than 95,000 employees, SGS operates 2,400 offices and laboratories worldwide.

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