PSI Acquired by SGS
Monday, June 11, 2018
Polymer Solutions Incorporated has been acquired by SGS, the world’s leading inspection, verification, testing and certification company. SGS is headquartered in Geneva, Switzerland and has more than 95,000 employees in a network of over 2,400 offices and laboratories.
“This acquisition strategically enhances our global platform of materials science and testing laboratories within our Industrial offer, and will support the further expansion of added value services to our customers and core industries,” said Frankie Ng, CEO of SGS.
The acquisition provides a pathway for the sustained future growth of our staff and the business and larger financial support for the company,” said Polymer Solutions Incorporated Founder, James Rancourt.
Polymer Solutions is a recognized industry leader in materials testing with a client base that spans the globe. This acquisition represents growth for Polymer Solutions, in terms of staffing and testing capabilities, and presents exciting opportunities for employees, the organization, and the local economy. Rancourt said, “SGS recognized the unique skills and expertise of our staff, our strong reputation amongst our clients, and our powerful
All Polymer Solutions employees will remain on staff and operations will continue from the state-of-the-art testing lab in Christiansburg, Virginia. Rancourt said, “The company, now known as SGS Polymer Solutions Incorporated, will continue to operate in and contribute to the business community of the New River Valley, the beautiful place we are proud to call