LANSING, Mich., Dec. 1, 2016 /PRNewswire/ -- Neogen
Corporation (NASDAQ: NEOG) announced today that it has acquired
United Kingdom-based Quat-Chem
Ltd.— a chemical company specializing in the development,
manufacture and sale of agricultural, industrial, and food
processing biocidal hygiene products, including cleaners and
disinfectants.
Quat-Chem Ltd. is a 20-year-old private company with a history
of consistent growth that manufactures a full line of complete
disinfectant and cleaner products for dairy hygiene and poultry and
swine biosecurity applications. The company sells its products on a
global basis, with a focus on the United
Kingdom, European Union, Middle
East and Asia, including a
particular focus on China.
Quat-Chem's annual revenues are approximately $12 million (USD).
"Quat-Chem's broad line of products, chemical manufacturing
facilities, personnel and existing business made the company an
attractive acquisition opportunity for us. We're very pleased to
announce that Quat-Chem has joined Neogen," said Dr. Jason Lilly, Neogen's vice president of
corporate development. "This acquisition is another step, along
with our May 2016 acquisition of
Preserve International, towards Neogen becoming a global
biosecurity product leader."
"Quat-Chem's product development activities and its
manufacturing capabilities in Europe provide a complementary fit to Neogen's
expanding biosecurity business," said Dr. Rubinah Chowdhary,
Quat-Chem's scientific director. "The importance of biosecurity is
internationally recognized as critical to safe-guarding livestock
health and food safety. The demand for safe, performance tested
disinfection products offers considerable potential; with Neogen's
expertise in biosecurity and its global reach, we feel Quat-Chem
and its products are in good hands."
Quat-Chem is headquartered in an accredited, recently expanded
facility in Rochdale, England,
near Manchester, and its
operations will be managed by Neogen's Scotland-based Neogen Europe subsidiary.
Quat-Chem has a strong history in nitrogen-based chemistry, as an
internationally recognized supplier of the widely used biocidal
active benzalkonium chloride, as well as amine oxide, a key
surfactant.
"Adding Quat-Chem's biosecurity products and capabilities will
complement what we can offer to our customers," said Dr.
Stephen Holmes, managing director of
Neogen Europe. "Our new operation in Rochdale will work in close cooperation with
our nearby Lab M location."
Neogen's acquisition of Quat-Chem is the latest in its strategy
of expanding the company's biosecurity business, which began in
2003 with its acquisition of rodenticides, cleaners and
disinfectants from ConAgra. The expansion continued with Neogen's
2008 acquisition of DuPont's biosecurity product line, the 2014
acquisition of Chem-Tech, and 2016 acquisitions of Preserve
International and Virbac's rodenticides.
Terms of the current agreement were not disclosed.
Neogen Corporation develops and markets products dedicated to
food and animal safety. The company's Food Safety Division markets
dehydrated culture media, and diagnostic test kits to detect
foodborne bacteria, natural toxins, food allergens, drug residues,
plant diseases and sanitation concerns. Neogen's Animal Safety
Division is a leader in the development of animal genomics along
with the manufacturing and distribution of a variety of animal
healthcare products, including diagnostics, pharmaceuticals,
veterinary instruments, wound care and disinfectants.
CONTACT: Steven J.
Quinlan
Neogen Vice President &
CFO
517/372-9200
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SOURCE Neogen Corporation