M&A Deal Summary

Neogen Acquires Elanco Animal Health - StandGuard

On July 16, 2020, Neogen acquired consumer products company Elanco Animal Health - StandGuard from Elanco

Acquisition Highlights
  • This is Neogen’s 2nd transaction in the Consumer Products sector.
  • This is Neogen’s 13th transaction in the United States.
  • This is Neogen’s 1st transaction in Indiana.

M&A Deal Summary
Date 2020-07-16
Target Elanco Animal Health - StandGuard
Sector Consumer Products
Buyer(s) Neogen
Sellers(s) Elanco
Deal Type Divestiture

Target

Elanco Animal Health - StandGuard

Greenfield, Indiana, United States
Elanco Animal Health's StandGuard Pour-on is a premium product in the domestic beef cattle insecticide market that controls horn flies and lice on beef cattle and calves.

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Buyer(S) 1

Buyer

Neogen

Lansing, Michigan, United States
Category Company
Founded 1981
Sector Test/Measurement Equipment
Employees2,640
Revenue 822M USD (2023)
DESCRIPTION
Neogen's corporate headquarters in Lansing, Michigan.
Neogen's corporate headquarters in Lansing, Michigan.

Neogen 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 was founded in 1981 and is based in Lansing, Michigan.

DEAL STATS #
Overall 26 of 30
Sector (Consumer Products) 2 of 3
Type (Divestiture) 5 of 5
State (Indiana) 1 of 1
Country (United States) 13 of 15
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-31 Magiar Chilena SA

Penalolen, Chile

Magiar Chilena SA is a distributor of food, animal, and plant diagnostics, including NEOGEN products. Magiar Chilena is based in Penalolen, Chile.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Megazyme

Wicklow, Ireland

Megazyme Ltd. is a provider of analytical solutions used by quality control laboratories in the global food and beverage industries. Megazyme develops and refining analytical methods used to measure the carbohydrates and enzymes in grain and cereal products that affect quality. Megazyme was founded in 1988 and is based in Wicklow, Ireland.

Buy -

Seller(S) 1

SELLER

Elanco

Greenfield, Indiana, United States
Category Company
Founded 1954
Sector Life Science
Employees9,300
Revenue 4.4B USD (2023)
DESCRIPTION

Elanco develops and markets products and services to improve animal health and protein production in more than 75 countries. Elanco employs more than 3,000 people worldwide, with offices in more than 40 countries. Elanco was incorporated in 1954 and is based in Greenfield, Indiana.

DEAL STATS #
Overall 2 of 3
Sector (Consumer Products) 1 of 1
Type (Divestiture) 2 of 3
State (Indiana) 2 of 3
Country (United States) 2 of 3
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Elanco Animal Health - Capstar

Greenfield, Indiana, United States

Elanco Animal Health, Inc. - Capstar is an oral over-the-counter (“OTC”) flea treatment product in the United States. The Capstar portfolio is comprised of seven SKUs, including three private-label SKUs that are sold under the Capaction® brand. Capstar® is an oral tablet for the treatment of flea infestations on dogs, puppies, cats, and kittens and is currently the best-selling oral OTC flea treatment product in the United States.

Sell $95M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Kindred Biosciences

Burlingame, California, United States

Kindred Biosciences is a biopharmaceutical company developing biologics focused to develop therapeutics based on these validated targets for dogs and cats. Kindred Biosciences was founded in 2012 and is based in Burlingame, California.

Buy $440M
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