Warburg Pincus, a leading global growth investor, announced an investment in Food Safety Net Services, a leading provider of laboratory testing services for customers in the food & beverage end-markets. The company serves a broad range of product categories within the broader food & beverage sector (e.g., meat, dairy, produce, dietary supplements, pet food, nutraceuticals, restaurant, ready-to-eat). Terms of the transaction were not disclosed.
As part of the investment, FSNS will merge with Certified Group, a leading North American platform provider of testing and regulatory consulting services. Certified Group provides mission critical and time sensitive testing and regulatory consulting services to the food & beverage, supplements & botanicals, cosmetics & personal care, nicotine & cannabis, and other regulated end markets. Warburg Pincus and Tilia Holdings, a Chicago-based private investment firm focused exclusively on the food and nutrition supply chain, first invested in Certified Group in 2018. The merger is expected to close in the third quarter.