Cardiff-based drug, alcohol and steroid testing company Cansford Laboratories has been acquired by Phenna Group.
Lexington Corporate Finance acted as the sole corporate finance advisor to the shareholders of Cansford on the 100% equity sale. The value of the deal has not been disclosed.
Cansford Laboratories was set up in 2010 with its founders having previously pioneered hair testing. Its methods are used by laboratories globally offering hair, oral fluid, nail, and dry blood spot testing with related services including collection and expert witness support.
