Printer Friendly

Neogen Corporation acquires SyrVet Incorporated based in Waukee, Iowa for undisclosed sum.

M2 EQUITYBITES-July 2, 2013-Neogen Corporation acquires SyrVet Incorporated based in Waukee, Iowa for undisclosed sum(C)2013 M2 COMMUNICATIONS

Animal safety company Neogen Corporation (NasdaqGS:NEOG) said on Monday that it has acquired the assets of SyrVet Incorporated for an undisclosed amount.

Based in Waukee, Iowa, SyrVet is a veterinary instrument business that supplies in more than 30 countries worldwide. Its product line ranges from animal handling products to artificial insemination, providing the company with significant shelf space in major farm store suppliers throughout the US. Most of its products are used in the production of food animals; however, its Horse Sense product line provides a wide array of tack products to the professional equine market.

The addition of the SyrVet product line to Neogen's existing veterinary instrument business broadens the latter's product offering.

According to Neogen, about 30% of SyrVet's sales come from international markets, primarily in Mexico and Latin America.

Neogen Corporation would continue to operate from the SyrVet location in Iowa through a transition period, but ultimately product engineering, manufacturing, and distribution would be relocated to its facilities in Lansing, Michigan, and Lexington, Kentucky.

((Comments on this story may be sent to

COPYRIGHT 2013 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Geographic Code:1U4IA
Date:Jul 2, 2013
Previous Article:Trunkbow notified by Nasdaq on non-compliance with minimum bid price rule.
Next Article:Genesys closes tender bid for SoundBite.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters