LANSING, Mich., Dec. 1 /PRNewswire-FirstCall/ -- Neogen Corporation announced today that it has acquired the BioKits food safety business of San Diego, Calif.-based Gen-Probe Incorporated . The acquisition includes more than 50 test kits for food allergens, meat and fish speciation, and plant genetics.
“This acquisition provides a good opportunity for Neogen since the markets and products are both synergistic to our continued growth,” said James Herbert, Neogen’s CEO. “Gen-Probe has a number of food allergen diagnostic tests that are not currently offered by Neogen, and an attractive line of tests to determine meat speciation as a tool to prevent economic adulteration. The business also has a good market position in several European countries that will add to the market penetration of our Scotland-based Neogen Europe operations.”
The Deeside, Wales facilities will operate as a unit of Neogen’s wholly owned subsidiary, Neogen Europe Ltd., based in Ayr, Scotland. In addition to the product line of diagnostic test kits, the acquired food safety business provides specialized independent laboratory services to a number of companies.
Certain portions of this news release that do not relate to historical financial information constitute forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties. Actual future results and trends may differ materially from historical results or those expected depending on a variety of factors listed in Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Company’s most recently filed Form 10-K.
CONTACT: Richard Current, Neogen VP & CFO, +1-517-372-9200
Web site: http://www.neogen.com/
