ALS buys a Mexican lab testing business

Company News

by Rachael Jones

ALS (ASX:ALQ) today announced the acquisition of Laboratorios de Control ARJ, a large pharmaceutical testing lab in Mexico.

The company has revenues of over $30 million and employs over 500 people.

They specialise in providing quality control for medicines, biological products, cosmetics and medical devices and services many of the largest global pharmaceutical companies.

Shares in ALS (ASX:ALQ) closed 2.94 per cent higher at $7.01 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.