NEOGEN CORPORATION (NASDAQ:NEOG) Files An 8-K Completion of Acquisition or Disposition of Assets
Item2.01
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Completion of Acquisition of Disposition of Assets |
On December27, 2016, Neogen Corporation (Company) issued a press
release announcing that it has acquired Brazil-based Rogama
Indstria e Comrcio Ltda. (Rogama), a company that develops and
manufactures rodenticides and insecticides. Rogama was founded in
1979, and offers more than 70 registered pest control products to
Brazils agronomic, professional, and retail markets. The company
is also a major supplier to public health agencies, including a
long-term partnership with the Pan American Health Organization,
which promotes enhanced health and living standards throughout
the Americas. Rogamas annual revenues are approximately $8
million (USD).
Consideration for the purchase, which was from existing cash
balances, was approximately $13 million. The business is
headquartered in certified, modern facilities in Pindamonhangaba,
which is near So Paulo. Rogamas operations will be managed by
Neogens Brazil-based Neogen do Brasil subsidiary, also located
near So Paulo.
A copy of the press release is attached as Exhibit 99.1 to this
report. This Form 8-K and the attached exhibit shall not be
deemed filed for purposes of Section18 of the Securities Exchange
Act of 1934, as amended, and are not incorporated by reference
into any filing of the Registrant, whether made before or after
the date of this report, regardless of any general incorporation
language in the filing.
| Item9.01 | Financial Statements and Exhibits |
(d) Exhibits
99.1 Press Release dated December27, 2016