Pryor Cashman represented Consumer Testing Laboratories, Inc. (CTL), a leading multinational retail testing company, in its sale to premier global independent safety science company, UL. The transaction closed on October 4, 2016.

CTL, a privately held company based in Bentonville, Arkansas, is a recognized leader in quality assurance services for the retail industry.

By acquiring CTL – which owns and operates facilities in five countries – UL will expand its global footprint and strengthen its retail service portfolio.

The Pryor Cashman Team

Representing CTL in this transaction were Pryor Cashman Partners John J. Crowe, Co-Chair of the firm’s Corporate Group, and Michael P. Dunworth of the Tax Group, with assistance from Corporate Associate Robert C. Lamonica. Partner Jeffrey C. Johnson handled the intellectual property aspects of the sale, while Counsels Matthew Young and Barry Landsman advised on ERISA and real estate matters, respectively.