Intertek Group P.L.C., a total quality assurance provider to a range of industries, has entered into an agreement to acquire Alchemy Investment Holdings, Inc., provider of frontline workforce training and communications, from The Riverside Co. for $480 million in cash.
Based in Austin, Texas, Alchemy offers training software and resources that help food and retail companies engage with their workforces to drive productivity and safety. Since its founding in 2003, the company’s resources have been used by such companies as The Kellogg Co., Ocean Spray, JBS S.A., Pilgrim’s Pride, Shake Shack and Tillamook.
Alchemy’s cloud-based software services help clients drive safety, productivity, operational excellence and customer service by monitoring skills gaps within their frontline operations and offering targeted interactive learning solutions, Alchemy said. The company employs approximately 270 at four locations across the United States and Canada and has more than 1,100 clients in the food industry.
Intertek’s services enable clients to identify and mitigate the intrinsic risk in their operations, supply and distribution chains and quality management systems. Intertek’s acquisition of Alchemy and its people assurance solutions will further strengthen Intertek’s global assurance offering.