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Slide #28. Neogen Corporation — Chem-Tech
Neogen Corporation (NASDAQ:NEOG)
Neogen Corporation (NASDAQ: NEOG) announced today that it has acquired the stock of Chem-Tech Ltd., a manufacturer of insecticides for the animal and food industries. The 35-year-old company, which is wholly owned by Pat and Kelle Rolfes, operates an extensive manufacturing and distribution facility in Pleasantville, Iowa.
Neogen develops, manufactures, and markets a line of products for food and animal safety. Co.'s segments are: Food Safety, which is engaged in the development, production and marketing of diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation; and Animal Safety, which is engaged in the development, production and marketing of products dedicated to animal safety, including a range of consumable products marketed to veterinarians and animal health product distributors, and provides genomic identification and related interpretive bioinformatic services.
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Buy (2.67 out of 4)
(ranked lower than approx. 79% of all stocks covered)
Based on Zacks ABR data;
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