CTL will expand UL's global footprint and strengthen its retail service portfolio
NORTHBROOK, Ill., Oct. 6, 2016 /CNW/ -- UL, a global safety science leader, today announced the acquisition of Consumer Testing Laboratories Inc. (CTL), a leading multinational retail testing company, to expand UL's global footprint and services.
CTL, a privately-held company based in Bentonville, Ark., is a recognized leader in quality assurance services for the retail industry. UL will leverage CTL's facilities in five countries to extend its reach to its customer base and to offer a larger portfolio of services to these customers.
"CTL is a strategic acquisition for us as we grow our global footprint to meet the increased demand in global consumer testing services," said Sajeev Jesudas, SVP & President, UL Consumer. "In addition, CTL has an experienced leadership team with a long history of successfully managing relationships with customers, which makes it a great fit with UL."
UL and CTL's combined portfolio will help strengthen global relationships with key customers.
"Our clients will benefit from UL's global operational footprint," said Stewart Satter, CTL's Chief Executive Officer. "We look forward to continuing to work with our existing customers and are very excited by the acquisition."
CTL's employees will join UL's Consumer & Retail Services division under Sajeev Jesudas, SVP & President, UL Consumer. The transaction closed on Oct. 4, 2016.
UL is a premier global independent safety science company that has championed progress for more than 120 years. Its more than 11,000 professionals are guided by the UL mission to promote safe working and living environments for all people. UL uses research and standards to continually advance and meet ever-evolving safety needs. We partner with businesses, manufacturers, trade associations and international regulatory authorities to bring solutions to a more complex global supply chain. For more information about our certification, testing, inspection, advisory and education services, visit http://www.UL.com.
About Consumer Testing Laboratories Inc. (CTL)
Established in 1952, CTL specializes in consumer product testing. CTL offers a comprehensive suite of retail testing services to help ensure the quality of merchandise that reach store locations. For more information, visit www.consumertesting.com.
PR Specialist, UL