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M&A Deal Summary

LabCorp Acquires International Food Network

On October 23, 2015, LabCorp acquired business services company International Food Network from Safe Foods International Holdings

Acquisition Highlights
  • This is LabCorp’s 3rd transaction in the Business Services sector.
  • This is LabCorp’s 25th transaction in the United States.
  • This is LabCorp’s 1st transaction in New York.

M&A Deal Summary
Date 2015-10-23
Target International Food Network
Sector Business Services
Buyer(s) LabCorp
Sellers(s) Safe Foods International Holdings
Deal Type Divestiture

Target

International Food Network

Ithaca, New York, United States
International Food Network (IFN) is a consulting firm providing product development services from initial idea generation through commercialization.

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Buyer(S) 1

Buyer

LabCorp

Burlington, North Carolina, United States
Category Company
Founded 1995
Sector Test/Measurement Equipment
Employees67,000
Revenue 13.0B USD (2024)
DESCRIPTION
LabCorp's corporate headquarters in downtown Burlington, North Carolina.
LabCorp's corporate headquarters in downtown Burlington, North Carolina.

LabCorp of America Holdings is a provider of medical laboratory tests and services through a national network of primary clinical laboratories and specialty testing laboratories. LabCorp was founded in 1995 and is based in Burlington, North Carolina.

DEAL STATS #
Overall 27 of 46
Sector: Business Services M&A 3 of 4
Type: Divestiture M&A Deals 7 of 16
State: New York M&A 1 of 2
Country: United States M&A 25 of 44
Year: 2015 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-23 The National Food Laboratory

Livermore, California, United States

The National Food Laboratory LLC is a consulting firm providing creative, practical and science-based insights to solve food safety, quality, and product and process development challenges for food and beverage companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-10 Pathology

Torrance, California, United States

Pathology, Inc. is a full-service independent women's health laboratory provides expertise in reproductive FDA donor testing as well as anatomic, molecular and digital pathology services.

Buy -

Seller(S) 1

SELLER

Safe Foods International Holdings

Washington, District of Columbia, United States
Category Company
Sector Business Services
DESCRIPTION

Safe Foods International Holdings LLC (SFIH) is a provider of consulting services to food industry.

DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-23 The National Food Laboratory

Livermore, California, United States

The National Food Laboratory LLC is a consulting firm providing creative, practical and science-based insights to solve food safety, quality, and product and process development challenges for food and beverage companies.

Sell -
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