Nutrition

News 259 views last update:6 Aug 2012

Neogen acquires Kane Enterprises

Neogen Corporation has acquired Kane Enterprises, Inc., a US 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.

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.

Established in 1975, Kane Enterprises at has grown into an international company with over 100 different products imported from eight countries and sold in over 12 countries.

Neogen Corporation among others 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.

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