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ALS LIMITED M&A Activity 2012

Mar 18, 2012

64365_rns_2012-03-18_8d3baa1a-5070-4b03-8e59-3352a877fcee.pdf

M&A Activity

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asx/media release

19 March 2012

Campbell Brothers announces acquisition of Eclipse Scientific Group and

Advanced Micro Services

ALS Group expands food testing services capabilities and geography

Campbell Brothers Limited (ASX: CPB) announces that its testing services business, the ALS Group, has entered into an agreement to acquire all the issued share capital in Eclipse Scientific Group Limited (Eclipse) and Advanced Micro Services (AMS) from Environmental Scientifics Group in the United Kingdom for an Enterprise Value of approximately 39 million Australian Dollars. The acquisition is to be funded from existing cash reserves and loan facilities, with completion anticipated to take place on the 3[rd] April 2012.

UK-based Eclipse is a provider of food, dairy, water and pharmaceutical testing services to a blue chip customer base comprising manufacturers, food processors and retailers. It employs approximately 300 staff, operating from 6 laboratory sites in England. AMS is an Ireland-based laboratory group providing similar services and operates 2 laboratories with 65 staff.

Eclipse and AMS have earned an outstanding reputation, built on more than 40 years of service to clients in a wide range of industries.

Eclipse and AMS will be integrated into the newly formed Life Sciences Division of ALS and are an important part of ALS’s strategy to build a global food/pharmaceutical laboratory services business.

ALS is a world leader in testing and technical services in the geochemistry, metallurgy, coal, environmental, tribology, food/pharmaceutical, inspection and industrial markets. It is one of the largest and most successful commercial laboratory groups in the world, with more than 11,000 staff operating 300 laboratories in 55 countries and offering a broad range of inspection and analytical testing services.

Greg Kilmister, Campbell Brothers’ Managing Director commented:

“The acquisition of Eclipse and AMS will provide ALS with the opportunity to expand our existing food and pharmaceutical services into new geographies in the UK and Ireland. The food testing facilities in the UK and Ireland will allow us to accelerate the development of a global food and pharmaceutical testing business and help build our overall presence in Europe. This acquisition will bring our total staff number in Europe to in excess of 1000.

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We look forward to working with the Eclipse and AMS staff to build out their specific capabilities through ALS’s global network, and expect that the combined operations of ALS, Eclipse and AMS will present staff with enhanced career opportunities”.

The acquisition will be earnings per share accretive in the first year of ownership.

-ENDS-

For further information: Greg Kilmister, Managing Director, Campbell Brothers Limited, +61 7 3367 7900

About Campbell Brothers Limited (ASX: CPB)

Campbell Brothers is a leading commercial services company, operating one of the world’s largest analytical and testing services businesses, as well as commercial chemical solutions throughout Australia and the Pacific and hospitality wares and distribution throughout Australia. Founded in 1863 and listed on the ASX in 1952, Campbell Brothers currently employs over 11,000 staff operating from 300 sites in 55 countries worldwide.

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