(Source: Science Group plc) Leatherhead Research Limited, a subsidiary of Science Group plc, acquired the business and assets of Leatherhead Food International ('LFI') on 16 September 2015 for a cash consideration of £1.625 million. Since that time, a restructuring has been undertaken to refocus the business on core activities and to reduce the cost base accordingly, particularly overhead costs. Going forward, Leatherhead will comprise three business areas: Science & Innovation; Global Regulatory Services; and Consumer Sensory Services. The initial integration phase has been successful to date and is continuing. The LFI business was operating at a loss, which has increased in the short term...
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