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ALS quits oil and gas

TESTING, inspection and certification firm ALS is finally getting out of the oil game after a disastrous few years with an agreement for the sale of its multinational oil and gas business to Chicago-based Madison Industries for $109 million.

Haydn Black
ALS quits oil and gas

ALS, which has been taking a haircut on its oil business since its initial poorly timed investment just prior to the oil crash, said Madison was one of the largest and most successful privately held companies...

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