NEW YORK (Thomson Financial) - Neogen Corp. Tuesday said it has purchased a
product line used in animal health and hygiene applications from DuPont Animal
Health Solutions.
The asset purchase includes 14 different product formulations, along with
manufacturing process know-how and associated registration information.
Terms of the agreement weren't disclosed, but Neogen expects revenue from
the product line to top $7 million in its current fiscal year, which began June
1.
Shares of Neogen closed Monday at $22.89.
Ryan Vlastelica
rv/vj
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