Merieux NutriSciences Corporation announced Thursday that it has acquired an equity position in Inspection, Diagnosis and Analysis Lab Company (IDAC), a market leader for food testing services in Saudi Arabia.
Pending approval from the Saudi Arabian General Investment Authority (SAGIA), the joint venture will ultimately operate under the new brand name IDAC Silliker and grow its service portfolio to meet rising demand from clients that face increased challenges in food safety and quality. Silliker is the food safety division of Merieux NutriSciences.
A signing ceremony took place Wednesday at Al Faisalyyah Hotel in Riyadh attended by the French ambassador, the US commercial attaché and many executives from government and the food industry in Saudi Arabia.
Together IDAC and Merieux NutriSciences will develop, around the current analytical capabilities of IDAC, a comprehensive range of solutions for clients in the food industry.
Founded in 2003 and located in Riyadh, IDAC is privately-held by the Saudi firm, Arabian Agricultural Services Company (Arasco). IDAC operates a 30 000m² site, performing over 1,600 different tests at 13 specialized laboratories.
“This joint venture investment is in line with our strategic goal to further spread our expertise and know-how, and offer a global qualitative service to our customers. Our trusted relationship with IDAC provides the solid foundation for Merieux NutriSciences’ extension into the Middle East. Merieux NutriSciences will bring all its expertise and support to strengthen the already very dynamic IDAC,” stated Philippe Sans, president and CEO of Merieux NutriSciences.
“Like Merieux NutriSciences, IDAC is committed to operational distinction and to exceeding the expectations of its valued customers. This JV will transform IDAC from a standard laboratory business into a provider of value-added solutions. IDAC Silliker will provide the full range of testing, inspection and certification services to manufacturers, retailers and restaurants,” said Haitham Altraif, president of IDAC.
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Merieux NutriSciences acquires equity position in IDAC



