Warburg Pincus has invested in Food Safety Net Services (FSNS), a provider of laboratory testing services for customers in the food & beverage end-markets.
The company serves a broad range of product categories within the broader food & beverage sector (eg, meat, dairy, produce, dietary supplements, pet food, nutraceuticals, restaurant, ready-to-eat). Terms of the transaction have not been disclosed.
As part of the investment, FSNS will merge with Certified Group, a leading North American platform provider of testing and regulatory consulting services. Certified Group provides mission critical and time sensitive testing and regulatory consulting services to the food & beverage, supplements & botanicals, cosmetics & personal care, nicotine & cannabis, and other regulated end markets. Warburg Pincus and Tilia Holdings (Tilia), a Chicago-based private investment firm focused exclusively on the food and nutrition supply chain, first invested in Certified Group in 2018. The merger is expected to close in the third quarter.
Source: Private Equity Wire
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