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:

    Every library should try to be complete on something, if it were only the history of pinheads.
    Oliver Wendell Holmes, Sr. (1809–1894)

    The visual is sorely undervalued in modern scholarship. Art history has attained only a fraction of the conceptual sophistication of literary criticism.... Drunk with self-love, criticism has hugely overestimated the centrality of language to western culture. It has failed to see the electrifying sign language of images.
    Camille Paglia (b. 1947)

    Postmodernism is, almost by definition, a transitional cusp of social, cultural, economic and ideological history when modernism’s high-minded principles and preoccupations have ceased to function, but before they have been replaced with a totally new system of values. It represents a moment of suspension before the batteries are recharged for the new millennium, an acknowledgment that preceding the future is a strange and hybrid interregnum that might be called the last gasp of the past.
    Gilbert Adair, British author, critic. Sunday Times: Books (London, April 21, 1991)