Common Ground Corporate Finance is happy to announce the successful acquisition of the UK based Quat-Chem Ltd by Neogen Corporation (Nasdaq:NEOG).
Quat-Chem Ltd. is a 20-year-old chemical company specializing in the development, manufacture and sale of agricultural, industrial, and food processing biocidal hygiene products, including cleaners and disinfectants. Quat-Chem’s annual revenues are approximately $12 million (USD).
US based Neogen Corporation develops and markets products dedicated to food and animal safety.
Common Ground acted as the exclusive corporate finance advisor to Neogen corporation. “Common Ground’s knowledge and experience in the animal safety segment was very instrumental in finding the target and in positioning Neogen as the right buyer for their business” says Jason Lilly, Vice President – Corporate Development of Neogen Corporation.
Neogen’s acquisition of Quat-Chem is the latest in its strategy of expanding the company’s biosecurity business, which began in 2003 with its acquisition of rodenticides, cleaners and disinfectants from ConAgra. The expansion continued with Neogen’s 2008 acquisition of DuPont’s biosecurity product line, the 2014 acquisition of Chem-Tech, and 2016 acquisitions of Preserve International and Virbac’s rodenticides.