NEOGEN Acquires Delf (UK) Ltd.

Rhea-AI Summary

NEOGEN Corporation (NASDAQ: NEOG) announced the acquisition of Delf (UK) Ltd., a UK-based manufacturer of animal hygiene and cleaning products. Founded in 1928, Delf specializes in specialty chemical products and is a member of the Iodine Registration Group, enabling it to supply iodine-based biocides to the UK and EU markets. This acquisition aims to enhance NEOGEN's offerings in dairy chemicals, leveraging Delf's expertise in the UK dairy hygiene market. Terms of the transaction remain undisclosed.

Positive

• Acquisition of Delf enhances NEOGEN's product portfolio in dairy hygiene.
• Delf's 40 years of experience in the UK market supports expansion efforts.
• Synergistic products with existing Quat-Chem offerings improve overall safety solutions.

Negative

• None.

LANSING, Mich., Dec. 1, 2021 /PRNewswire/ -- NEOGEN Corporation (NASDAQ: NEOG) announced today that it has acquired Delf (UK) Ltd., a United Kingdom-based manufacturer and supplier of animal hygiene and industrial cleaning products.

Since Delf's founding in 1928, the company has grown from one of the main soap manufacturers in Liverpool to offer a wide range of animal hygiene and specialty chemical products. Delf is a select member of the Iodine Registration Group (IRG), allowing it to supply Article 95 PVP-iodine and iodine-based biocidal products to the UK and European Union animal hygiene markets.

"We are very pleased to have Delf join NEOGEN," said Dr. Jason Lilly, NEOGEN's Vice President of International Business. "We believe that Delf's more than 40 years of experience in the UK dairy hygiene market will be of great benefit to NEOGEN as we look to expand our offerings of performance dairy chemicals. Delf's products synergistically complement our Quat-Chem disinfectant and cleaner offerings, enhancing our portfolio and helping to keep people and animals around the world safe and healthy."

"Joining NEOGEN is an exciting opportunity for us," says Chris Jones, Managing Director at Delf (UK). "Over the years, we have put a lot of effort into our range of specialty chemicals and dairy hygiene products, and we are excited to see how those offerings continue to grow with the expertise and backing of the NEOGEN team." 

Terms of the agreement were not disclosed.

NEOGEN Corporation develops and markets comprehensive solutions dedicated to food and animal safety. The company's Food Safety segment markets dehydrated culture media and diagnostic test kits to detect foodborne bacteria, natural toxins, food allergens, drug residues, plant diseases, and sanitation concerns. NEOGEN's Animal Safety segment is a leader in the development of genomic solutions along with the manufacturing and distribution of a variety of animal healthcare products, including diagnostics, pharmaceuticals, veterinary instruments, wound care, and disinfectants, as well as rodent and insect control solutions.

CONTACT:	Dr. Jason Lilly, Vice President of International Business
	517.367.0492 ext. 4456, jlilly@neogen.com

 

 

View original content:https://www.prnewswire.com/news-releases/neogen-acquires-delf-uk-ltd-301435054.html

SOURCE Neogen Corporation

FAQ

What was the purpose of NEOGEN's acquisition of Delf (UK) Ltd.?

The acquisition aims to enhance NEOGEN's offerings in dairy hygiene and specialty chemical products.

How will the Delf acquisition impact NEOGEN's product offerings?

Delf's products complement NEOGEN's existing Quat-Chem disinfectant line, improving overall safety solutions.

When did NEOGEN acquire Delf (UK) Ltd.?

The acquisition was announced on December 1, 2021.

What does Delf (UK) Ltd. specialize in?

Delf specializes in animal hygiene and industrial cleaning products, particularly in the dairy market.

What are the financial terms of the Delf acquisition?

The financial terms of the acquisition have not been disclosed.