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Mambo-Tox acquired by Cawood Scientific

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UK soil analysis consultancy Mambo-Tox has been acquired by Cawood Scientific, in a deal advised by BCMS.

Mambo-Tox is a contract research organisation which evolved from a University of Southampton spin-out to specialise in soil ecotoxicology evaluation. Today, it employs 15 staff based in the city's university science park, serving a client base including some of the world's largest agrichemical producers.

Bracknell-headquartered Cawood Scientific, backed by Inflexion Private Equity since 2017, is the UK's largest independent provider of analytical laboratory testing services for land-based industries. Cawood's business units are variously involved with animal nutrition, veterinary diagnostics, and environmental monitoring services.

Along with the change of ownership, Mambo-Tox Managing Director Mike Mead-Briggs has now retired and has been replaced by veteran Mambo-Tox manager Stephen Vinall, with a brief to grow the business further and continue delivering a more personalised service.

Mambo-Tox shareholders were advised by BCMS, with legal support from Freeths. The price and terms are undisclosed.

BCMS Lead Advisor Emma Tipper commented afterwards: "The sale of Mambo-Tox was a highly rewarding result for our client, as we worked to get Mike the best deal amid strong market interest. The two businesses are a great fit together, and we are pleased to have found a new home for Mambo-Tox as a part of the UK market leader."

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Posted Jun 2019
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