Bluebox Corporate Finance is delighted to announce the sale of BRC Global Standards, the world’s largest provider of safety and quality standards programmes for food and non-food manufacture, packaging, storage, and distribution, to the LGC Group (formerly known as the Laboratory of the Government Chemist), the leading international life sciences measurement and testing company, which will become the majority shareholder in the company. Terms of the deal are not being disclosed.
BRC Global Standards has, until now, been 100% owned by the British Retail Consortium, the trade association for the UK retail industry, which will retain a minority stake in BRC Global Standards and will have a seat on its Board to ensure continuity and stability for customers and specifiers.
Bluebox were appointed following a strategic review by the BRC to find the right majority shareholder for the BRC Global Standards business to enable the business to accelerate its transition into a Consumer and Brand Protection Solutions Leader.
Richard Baker, Chairman of the BRC, and Chairman of Whitbread plc and DFS plc, commented: “Bluebox were excellent and I would score them 10 out of 10 for the work that they did. We are very grateful for all their help in delivering an outcome that meets all of the objectives of our key stakeholders. Bluebox ran a very well organised and structured process with excellent communication and strong negotiation throughout. I would have no hesitation in recommending Paul and his team to anyone.”
Helen Dickinson OBE, CEO of the BRC commented: “We were delighted with the services that Bluebox offered us. Bluebox were challenged with finding us the right strategic investor and, thereafter, negotiating a deal that met our complex requirements. In identifying and securing the deal with LGC they have done exactly that. The process itself was efficient and smooth, largely due to the excellent communication from the Bluebox team, who also demonstrated excellent experience at managing a very engaging auction process. I would be delighted to recommend Bluebox to any corporate shareholder or private business owner looking to divest a business.”
Paul Herman, CEO of Bluebox, added: “The British Retail Consortium has a unique place in the market. We were privileged to have been given the opportunity to assist them with the divestment of their Global Standards business and are delighted to have been able to secure what we believe to be a great deal for all parties involved. We have no doubt that the BRC Global Standards business will continue to flourish under the ownership of LGC and wish the management team continued success.”