Intertek Group has acquired Professional Testing Laboratory (PTL), a leading provider of testing services for the US flooring industry, to strengthen its product testing business.
The acquisition addresses growing demand for quality assurance solutions driven by evolving consumer trends and stricter regulatory requirements in the global flooring market, valued at $376 billion and forecast to grow 6.8% annually to 2030.
PTL, founded in 1988 and based in Dalton, Georgia, generated £4.3 million in revenue in 2024 and employed 26 people. The deal will unlock synergies by expanding PTL’s services to Intertek’s existing retail clients whilst offering new services to PTL’s customer base.
Intertek plans to leverage its global footprint to expand PTL’s testing services internationally beyond the US market.
“The acquisition of PTL is highly complementary to Intertek’s comprehensive range of product-related testing and certification capabilities in North America and across the globe, strengthening our presence in an attractive, high-growth, high-margin flooring materials market with compelling growth drivers. We welcome the PTL team to Intertek and look forward to the growth opportunities ahead,” said André Lacroix, Chief Executive Officer of Intertek.
Intertek released a trading statement earlier this week, unveiling a 4.6% increase in YTD revenue driven by a 4.1% increase in like-for-like sales growth.