UL strengthens presence in South Asia with acquisition of Magnus Textile Services
Addition of softlines testing & inspection laboratory in Bangladesh allows UL to locally serve manufacturers at the epicenter of high-growth textile industry.
NORTHBROOK, Ill. / Dhaka, Bangladesh - May 18, 2012 - UL, a world leader in advancing safety, announced today the acquisition of Magnus Textile Services, a leading textile testing and inspection facility based in Bangladesh. The addition enables UL to locally serve many of the world's top textile manufacturers from one of the largest and fastest growing textile exporting nations.
Magnus provides a robust suite of textile performance testing and inspection services that are trusted by many of the world's most recognized retailers and brands, including tests for dimensional stability, color fastness, physical performance, construction and composition. UL intends to add chemical testing to the facility's capabilities later this year.
"We're thrilled to join one of the most recognized names in product assurance," said Jess Magnussen, managing director of Magnus. "UL brings a breadth of services, a depth of expertise and a global platform that will benefit our people and our customers alike."
"Magnus helps us advance our commitment to delivering trust and assurance throughout the textile supply chain," said Sajeev Jesudas, president of UL Verification Services. "By adding a high-integrity laboratory at a major hub in South Asia, we're now operating at the heart of a high-growth softlines industry."
Magnus is UL's second quality assurance testing acquisition in seven months. The Quality Assurance (QA) business of STR Holdings joined UL in August 2011 as a leading provider of testing, audit, inspection and responsible sourcing services for the consumer products industry.
Magnus is recognized as an approved testing laboratory by numerous European national bodies, including the United Kingdom (BMI) and Denmark (DANAK). Magnus will join UL-STR as part of UL's Verification Services unit.
About Magnus Textile Services Ltd.
Magnus provides services for international standard laboratory testing and quality inspections of textiles both at the time of manufacturing and export. Owned by Danish nationals, Magnus is a textile laboratory, quality and consulting center in Dhaka, Bangladesh offering expertise and consulting services to improve quality, production and economy for buyers and manufacturers of textiles and garments.
UL is a premier global independent safety science company with more than 118 years of history. Employing more than 9,000 professionals in over 100 countries, UL has five distinct business units -- Product Safety, Environment, Life & Health, Knowledge Services, and Verification Services - to meet the expanding needs of our customers and to deliver on our public safety mission.