April 17, 2009
Neogen Corp. of Lansing, Mich., has acquired a product line used in animal health and hygiene applications from DuPont Animal Health Solutions.
The purchase price and terms were not disclosed.
The group of products adds to Neogen’s strategy of providing biosecurity solutions in the farm production markets. It also expands the company’s offering in veterinary clinics, as the products can help maintain sanitary conditions and limit the potential hazards of bacteria, fungi and viruses.
In addition, Neogen has gained rights to distribute other DuPont Animal Health Solutions products in North America.
“This group of products, with its time-tested chemistries that are accepted as effective disinfectants and cleaners worldwide, allows Neogen to expand its offering to animal producers and veterinary clinics,” said James Herbert, Neogen’s chief executive officer. “In many cases, the products will be companions to Neogen’s rodenticide products that control rats and mice that act as disease vectors.”
The company expects revenue from the acquired products and distribution of other products to exceed $7 million in its current fiscal year, which began June 1.
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