FOR IMMEDIATE RELEASE |
Contact: Amy Blumenthal |
STR Acquires PPT
Enfield, CT, May 2, 2005 – Specialized Technology Resources, Inc. (STR) of Enfield, Connecticut, one of the leading quality assurance testing and compliance monitoring companies in the world, today announced that its UK operation, STR Ltd. (UK), acquired the textiles testing business of the British company Precision Processes (Textiles) Ltd. (PPT).
Dr. Ian Saunderson, STR’s Director of European Operations, said, “PPT is a very strong brand within the UK textiles testing market and will further strengthen our offering in this field, particularly to major high street retailers and their suppliers. This strategic acquisition is a perfect fit for STR, supporting our global growth plans. It is a very exciting development for STR and we look forward to building on PPT’s strengths as we integrate them with our other major textiles QA facilities in Europe, Turkey, Hong Kong and China.”
PPT’s Managing Director Dr. David Connell added, “We welcome this development as a very positive move. In our view, STR is a very capable organization with a similar business philosophy to our own. We would also see the PPT business as being an excellent fit with STR. PPT already has an international outlook with its many activities in a great number of countries worldwide. The global STR network will allow these to be developed significantly to the benefit of the textile industry as a whole.”
Established in 1953, PPT is a provider of textile QA services, principally in the United Kingdom, but with an increasing international profile. PPT offers a wide range of services to the textile and apparel industries, covering performance and safety testing, equipment and method evaluation, fault investigation, and laboratory accreditation on behalf of retailers and brands.
Founded in 1944, Specialized Technology Resources, Inc. has grown into the largest full service, privately-owned consumer product quality assurance testing and compliance monitoring company in the world with fully accredited laboratories and inspection offices in over 30 countries across five continents. STR offers a wide range of quality assurance, compliance consulting, and ISO registration services to retailers, manufacturers, and suppliers of consumer hard, soft, and consumable goods. STR also provides industrial products and materials services and manufacturing services to its diverse client base. STR was the first consumer products testing company in the U.S. to earn the ISO-9002 accreditation, which has been recently upgraded to ISO 9001:2000.
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