AIB officially purchased 51% of the company in December 2013 and will own 100% of the company once the final transaction is complete in December 2017.
“We are delighted with this acquisition in the fast-moving food safety segment of the global food industry,” said Andre Biane, CEO of AIB. “SSADC is a great addition that will enable AIB to extend our full portfolio of food safety services, including training, helping clients improve their GMP practices in their facilities, and GFSI audits to our multinational and exporting clients.”
The acquisition of SSADC will provide a platform for AIB to operate as a certification body in a new geography.
“China is a key market for AIB,” said Biane. “The joint venture with a Chinese-licensed food safety organisation made the most business sense.”
AIB plans to operate SSADC as a standalone business in China until the acquisition is completed in 2017. Senior members of SSADC’s management team, as well as local auditors and managerial staff, will work in collaboration with AIB’s existing China-based team. AIB will continue to provide its GMP inspection through its current AIB China operations, not through SSADC.
Source: American Institute of Baking
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