(UL: Camas, WA) -- Underwriters Laboratories Inc. (UL), a world leader in advancing safety, has announced the execution of a definitive agreement whereby UL will acquire the quality assurance business of STR Holdings Inc., an Enfield, Connecticut-based company. The acquisition is part of UL’s strategy to expand its offerings to global retailing and manufacturing customers. STR’s quality assurance business is a leading global provider of testing, inspection, auditing, and responsible sourcing capabilities exclusively focused on consumer products. UL will pay an estimated $275 million in cash for STR’s quality assurance business.

“The acquisition of STR’s quality assurance business will be a major milestone for UL as we continue to significantly expand our business and the services we can offer our customers,” says Keith Williams, president and CEO of UL. “STR’s quality assurance business has unparalleled global depth and breadth in the consumer products sector. Through this acquisition and other strategic actions, we strive to become the company that manufacturers and retailers turn to for their consumer product quality assurance and responsible sourcing needs around the globe.”

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