Huntingdon Life Sciences - History

History

Huntingdon Life Sciences was originally founded in the UK in 1951 as Nutrition Research Co. Ltd., a commercial organisation that initially focused on nutrition, veterinary, and biochemical research. The original facilities were split over two locations; the main offices were within Cromwell House in the town of Huntingdon, Cambs, UK; and the main laboratories were at the Hartford Field Station (just over a mile away). It then became involved with pharmaceuticals, food additives, and industrial and consumer chemicals. In 1959 it changed its name to Nutritional Research Unit Ltd. The company benefited in the early 1960s from increased government regulatory testing requirements, especially in the pharmaceutical industry. In 1964 it was acquired by the U.S. medical supply firm of Becton Dickinson.

In April 1983 Becton Dickinson created Huntingdon Research Centre PLC. It then offered four million American depositary receipts (ADRs) for sale at $15 each, representing the company's entire interest in Huntingdon. In 1985, as it began to expand its operations, the company changed its name to Huntingdon International Holdings plc. In that year it established Huntingdon Analytical Services Inc. to conduct business in the United States.

To augment its CRO business, Huntingdon acquired Minnesota's Twin City Testing Laboratory Inc. and affiliated companies in 1985, followed by the acquisition of Nebraska Testing Corporation in 1986; Travis Laboratories and Kansas City Test Laboratory Inc. in 1989; and Southwestern Laboratories, Inc. in 1990. Huntingdon also diversified its operations, primarily in the United States, becoming involved in engineering and environmental services.

In 1987 HLS purchased Northern Engineering and Testing, Inc., and then in 1988 bought Empire Soils Investigations Inc., Chen Associates Inc., and Asteco Inc. In 1988 HLS was floated on the London Stock Exchange and in 1989 obtained a listing on the New York Stock Exchange. In 1990 Huntingdon acquired the St. Louis branch of Envirodyne Engineers Inc. and Whiteley Holdings Ltd. And in 1991 it acquired Austin Research Engineers, Inc., followed by Travers Morgan Ltd.

By the early 1990s Huntingdon was organized into three business groups: the Life Sciences Group, the Engineering/Environmental Group, and the Travers Morgan Group, which offered engineering and environmental consulting services outside of the United States. However, only the Life Sciences Group showed long-term promise. Travers Morgan was allowed to lapse into insolvency, control passed into other hands, and Huntingdon wrote off the investment. In 1995 the engineering and environmental businesses were sold to Maxim Engineers Inc. of Dallas, Texas.

To bolster its CRO business and reinforce its U.S. presence, Huntingdon in 1995 acquired the toxicology business of Applied Biosciences International for $32.5 million in cash, plus the Leicester Clinical Research Centre. The deal not only included a U.S. laboratory located near Princeton, New Jersey, it brought with it two British facilities as well. In 1997 Huntingdon International Holdings changed its name to Huntingdon Life Sciences Group. The U.K. subsidiary, Huntingdon Research Centre, changed its name to Huntingdon Life Sciences Ltd., while the U.S. business operated as Huntingdon Life Sciences Inc.

In 2002 HLS moved its financial centre to the United States and incorporated in Maryland as Life Sciences Research, Inc.

In 2009 HLS was bought outright and once again is in private ownership.

Read more about this topic:  Huntingdon Life Sciences

Famous quotes containing the word history:

    It is the true office of history to represent the events themselves, together with the counsels, and to leave the observations and conclusions thereupon to the liberty and faculty of every man’s judgement.
    Francis Bacon (1561–1626)

    To summarize the contentions of this paper then. Firstly, the phrase ‘the meaning of a word’ is a spurious phrase. Secondly and consequently, a re-examination is needed of phrases like the two which I discuss, ‘being a part of the meaning of’ and ‘having the same meaning.’ On these matters, dogmatists require prodding: although history indeed suggests that it may sometimes be better to let sleeping dogmatists lie.
    —J.L. (John Langshaw)

    We are told that men protect us; that they are generous, even chivalric in their protection. Gentlemen, if your protectors were women, and they took all your property and your children, and paid you half as much for your work, though as well or better done than your own, would you think much of the chivalry which permitted you to sit in street-cars and picked up your pocket- handkerchief?
    Mary B. Clay, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 3, by Susan B. Anthony and Ida Husted Harper (1902)