"As part of our group growth planning process, it became clear to us that West Coast Labs, while an excellent business in its own right, did not fit with our strategic mission to be the best international specialist media and information business in our chosen markets " says Kevin Costello, Haymarket's CEO. "So in that context we were delighted to be able to transition the business to an ownership and management structure that will better enable the WCL brand to achieve its fullest potential."
The transition will be seamless from the perspective of WCL's customers, with no interruption of service, said Markle, the new company's CEO. "We deeply appreciate Haymarket's focus on putting WCL's customers first, and we are all dedicated to ensuring that our customers worldwide will be delighted with the continued testing excellence that will be provided by this new structure.
As part of the spin-out, West Coast Labs is moving its headquarters from Cardiff, Wales, to Newport Beach, California - "from one west coast to another," said Markle. While the business will continue to operate in virtually every time zone around the world, this move will place the company's main office closer to its primary customers.
