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CIT Acquires LAB Research

Applied Biology Company (ABC), the holding company of CIT Safety & Health Research Laboratories (CIT), has acquired the assets of LAB Research, Inc., consisting of three facilities located in Canada, Denmark and Hungary.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Applied Biology Company (ABC), the holding company of CIT Safety & Health Research Laboratories (CIT), has acquired the assets of LAB Research, Inc., consisting of three facilities located in Canada, Denmark and Hungary. The newly created CIT-LAB group will have consolidated sales of $103 million and 830 staff across five sites in France (Evreux and Saint-Nazaire), Canada (Laval), Denmark (Lille Skensved) and Hungary (Veszprém). The financial details were not disclosed. CIT has more th...

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