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Intertek expands into US flooring market with PTL acquisition
(Sharecast News) - Quality assurance specialist Intertek said it had bought US-based Professional Testing Laboratory, which provides testing services for the flooring industry, for an undisclosed sum.
Intertek said the purchase was "highly complementary" to its TQA business in North America and would unlock strong commercial synergy opportunities, such as expanding PTL's services to Intertek's existing clients, including major retailers.
"In a global flooring market valued at $376bn and forecast to grow at 6.8% per annum to 2030, the acquisition also provides an opportunity to expand PTL's testing services internationally, broadening beyond the USA by leveraging Intertek's scale and global footprint in other key flooring markets around the world," the company said on Wednesday.
Founded in 1988, PTL operates from a laboratory in Dalton, Georgia and generated revenues of £4.3m in 2024.
Reporting by Frank Prenesti for Sharecast.com
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