Navigation Links
Neogen Acquires Kane Enterprises

LANSING, Mich., Aug. 27 /PRNewswire-FirstCall/ -- Neogen Corporation (Nasdaq: NEOG) has acquired Kane Enterprises, Inc., a leading manufacturer and marketer of animal health products.

Based in South Dakota, Kane Enterprises markets its products through a network of more than 200 distributors in the United States and Canada. Known for innovative products of exceptional quality, including its well-regarded AG-TEK(R) veterinary product line, Kane Enterprises recorded revenues of approximately $6 million in its most recently completed fiscal year (Sept. 2006). Terms of the acquisition included $5.8 million in cash and a contingency should sales of the acquired products exceed a set level.

Kane's operations will be relocated to and integrated with Neogen's Lexington, Ky., facilities.

"We are pleased to add these products of such excellent reputation to Neogen's offerings," said Lon Bohannon, Neogen's president. "The AG-TEK products are complementary and a nice fit with our vet instruments line that has been growing consistently in the 10-15% range for several years. The Kane purchase also provides Neogen with important synergistic sales opportunities within the dairy industry -- a historically strong market segment for Kane."

"We are very proud of the reputation Kane Enterprises has built in our 31 years of operation," said Kevin Kane, Kane Enterprises' president, who will join Neogen with the acquisition. "We are pleased to join forces with Neogen, and add our AG-TEK products to their excellent offering of superior animal safety solutions."

Established in 1975, Kane Enterprises has grown into an international company with over 100 different products imported from eight countries and sold in over 12 countries. A few of its leading products include its AG-TEK veterinary obstetrical artificial insemination gloves, bovine hoofcare, and surgical supplies. For more information on Kane Enterprises, visit its Web site at

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, genetic modifications, food allergens, drug residues, plant diseases and sanitation concerns. Neogen's Animal Safety Division markets a complete line of diagnostics, veterinary instruments, veterinary pharmaceuticals, nutritional supplements, disinfectants, and rodenticides.

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.

SOURCE Neogen Corporation
Copyright©2007 PR Newswire.
All rights reserved

Related biology technology :

1. Fiserv acquires crime management software firm
2. GenTel acquires GlaxoSmithKline chip platform
3. Tushaus Computer acquires managed service business
4. RedPrairie acquires Denver software company
5. Eagle Technology acquires some synergy
6. Brady Corp. acquires Korean counterpart
7. Canadian firm acquires Silicon Logic
8. Imago acquires synergistic British firm
9. Fiserv acquires insurance, training product lines
10. Amazon acquires Madison-based Shopbop
11. Metavante acquires health-care payments firm
Post Your Comments:
(Date:6/23/2016)... ... June 23, 2016 , ... STACS DNA Inc., the sample ... the Arkansas State Crime Laboratory, has joined STACS DNA as a Field Application Specialist. ... said Jocelyn Tremblay, President and COO of STACS DNA. “In further expanding our capacity ...
(Date:6/23/2016)... 23, 2016 Apellis Pharmaceuticals, Inc. today ... trials of its complement C3 inhibitor, APL-2. The ... ascending dose studies designed to assess the safety, ... injection in healthy adult volunteers. Forty ... a single dose (ranging from 45 to 1,440mg) ...
(Date:6/23/2016)... Andrew D Zelenetz ... Published recently in Oncology ... touchONCOLOGY, Andrew D Zelenetz , discusses the ... is placing an increasing burden on healthcare systems ... With the patents on many biologics expiring, interest ...
(Date:6/23/2016)... ... June 23, 2016 , ... ClinCapture, ... Pennsylvania Convention Center and will showcase its product’s latest features from June 26 ... presenting a scientific poster on Disrupting Clinical Trials in The Cloud during the ...
Breaking Biology Technology:
(Date:3/29/2016)... , March 29, 2016 ... "Company") LegacyXChange "LEGX" and SelectaDNA/CSI Protect are pleased to ... ink used in a variety of writing instruments, ensuring ... of originally created collectibles from athletes on LegacyXChange will ... analysis of the DNA. Bill Bollander ...
(Date:3/22/2016)... March 22, 2016 ... Sensors Market for Consumer Industry by Type (Image, ... Application (Communication & IT, Entertainment, Home Appliances, ... Forecast to 2022", published by MarketsandMarkets, the ... to reach USD 26.76 Billion by 2022, ...
(Date:3/21/2016)... March 22, 2016 Unique ... passcodes for superior security   ... provider of secure digital communications services, today announced it ... and offer enterprise customers, particularly those in the Financial ... and voice authentication within a mobile app, alongside, and ...
Breaking Biology News(10 mins):