M&A Deal Summary

Neogen Acquires International Diagnostic Systems

On May 4, 2009, Neogen acquired medical products company International Diagnostic Systems

Acquisition Highlights
  • This is Neogen’s 3rd transaction in the Medical Products sector.
  • This is Neogen’s 3rd transaction in the United States.
  • This is Neogen’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2009-05-04
Target International Diagnostic Systems
Sector Medical Products
Buyer(s) Neogen
Deal Type Add-on Acquisition

Target

International Diagnostic Systems

St. Joseph, Michigan, United States
International Diagnostic Systems Corp. is a developer, manufacturer and marketer of test kits to detect drug residues in food and animal feed, and drugs in forensic and animal samples. IDS provides rapid immunoassay products for use in agriculture and veterinary markets.

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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 5 of 30
Sector (Medical Products) 3 of 8
Type (Add-on Acquisition) 4 of 25
State (Michigan) 2 of 3
Country (United States) 3 of 15
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-04 Rivard Instruments

Winnipeg, Manitoba, Canada

Rivard Instruments, Inc. is a manufacturers of detectable veterinary hypodermic needles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 GeneSeek

Lincoln, Nebraska, United States

GeneSeek, Inc. is a commercial agricultural genetics laboratory.

Buy $14M
Mergr

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