Neogen announces acquisition of Scotland's Adgen Ltd.
April 01, 2003
by Emily Buckley
LANSING, MICHIGAN, U.S. — Neogen Corporation in March acquired Adgen Ltd., a private company based in Ayr, Scotland.
Adgen was formed as a business unit by the Scottish Agricultural College in 1994 and has been a major distributor of Neogen products in Europe, as well as a producer and marketer of its own agricultural diagnostic testing products. Its revenues last year were approximately U.S.$1.6 million. The company’s principal activities are the development, validation and marketing of products for the detection of plant disease, bacteria, toxins and pollutants that affect the agri-food industries.
"The acquisition provides Neogen better access to the European Union," said James Herbert, Neogen’s president. "Adding Adgen’s experienced research and development team will be a strong asset to Neogen as we work toward developing the next generation of food safety diagnostic testing products, especially products tailored to meet certain unique requirements in the European market."
Neogen plans to continue operations at Adgen’s leased facilities in Auchincruive, Ayr, Scotland, and retain the company’s 14 employees, including its current management.
Neogen’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, nutritional supplements and veterinary instruments and pharmaceuticals.