Business Categories Reports Podcasts Events Awards Webinars
Contact My Account About

SGS ACQUIRES STEPHENS & ASSOCIATES CLINICAL RESEARCH

Published February 10, 2020
Published February 10, 2020
Ousa Chou via Unsplash

Swiss inspection company SGS has acquired Thomas J. Stephens & Associates Inc., a clinical research organization for the cosmetics and personal care industry.

WHO: Founded in 1989 by Thomas J. Stephens, PhD, Stephens & Associates provides safety and efficacy testing and contract research services to pharmaceutical, device, cosmetic, and personal care product companies worldwide. Stephens has deep expertise in claim support, study design development, clinical grading, and bioinstrumentation and imaging technologies. Stephens has locations in Dallas, Texas, and Phoenix, Arizona, and partnerships with labs in Japan, South Korea, and India.

Headquartered in Switzerland, SGS is the world’s leading inspection, verification, testing, and certification company with more than 94,000 employees. The company operates a network of more than 2,600 offices and laboratories around the world.

IN THEIR OWN WORDS: “This acquisition expands SGS’s Consumer & Retail service portfolio in the clinical testing sector for cosmetic and personal care products in the USA,” said Frankie Ng, CEO of SGS. “The combination of Stephens and SGS Harrison Research Laboratories in New Jersey gives SGS a leading position in this field in the USA.”

DETAILS:

  • Privately owned Stephens was acquired by SGS. Terms of the transaction were not disclosed.
  • Stephens employs nearly 100 staff and generated 2019 revenues of approximately $15 million.
  • SGS acquired 11 businesses around the globe in 2019 and intends to accelerate mergers and acquisitions in 2020.
×

2 Article(s) Remaining

Subscribe today for full access