Vietnam

Eurofins buys majority stake in Vietnam’s biggest food testing company

By RJ Whitehead

- Last updated on GMT

Eurofins buys majority stake in Vietnam’s biggest food testing company

Related tags: Ho chi minh

Eurofins Scientific, the international environment testing company, has agreed to acquire a 65% stake in Sắc Ký Hải Đăng (EDC-HD), Vietnam’s biggest private food analysis laboratory. 

EDC-HD, with 100 staff at its main facility in Ho Chi Minh City, provides services to many of Vietnam’s organised manufacturers and producers.

Vietnam is the world’s third biggest rice exporter, and one of the top 10 exporters of fish. Agriculture forms 18.4% of the country’s GDP, making the food and feed sector an important component of Vietnam’s economy. 

The focus on safety all along the food supply chain is increasing, said Eurofins in a statement.

EDC-HD is well-positioned to benefit from expected growth in food testing, giving Eurofins entry into this attractive testing market, and a strong platform to roll-out more services. 

In return, EDC-HD will gain access to Eurofins’ global infrastructure and knowhow, especially in grains and aquacultural testing, allowing it to expand the range of services it offers. 

EDC-HD provides Eurofins with solid entry into the analytical testing market in Vietnam and an excellent opportunity to support its thriving food industry. This acquisition reinforces our footprint in the region, and should allow us to accelerate our expansion in Asia Pacific​,” said Dr Gilles Martin, Eurofins’ chief executive.

Related topics: Business, South East Asia, Industry growth

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