The acquisition of StandGuard insecticide is expected to fit perfectly within Neogen’s insecticide portfolio
Neogen to acquire insecticide product from Elanco. (Credit: NEOGEN Corporation.)
Neogen, a developer of food and animal safety solutions, has announced its intention to acquire the US rights and related assets of StandGuard insecticide from Elanco for an undisclosed amount.
StandGuard Pour-on, a horn fly and lice control solution, is claimed to be one of the leading insecticide products in the domestic beef cattle insecticide market.
The deal is subject to approval from US Federal Trade Commission
Closure of the deal is subject to the Federal Trade Commission’s approval. Neogen believes that the product fits in its existing agricultural insecticide portfolio and organisational capabilities.
Neogen president and CEO John Adent said: “Elanco’s divestiture of its StandGuard product is an unexpected opportunity that we could not pass on. The product is a true bolt-on to complement our existing agricultural biosecurity infrastructure.
“This acquisition will provide NEOGEN immediate sales opportunities post-closing, along with both new registrations and access to the gamma-cyhalothrin active.”
In 2014, the company entered the agricultural insecticide market with the acquisition of Chem-Tech.
The acquisition of Chem-Tech brought Neogen Prozap, an insecticide brand known in the large animal production industry. It was also popular with dairy and equine producers, with manufacturing and distribution facility in Pleasantville, Iowa.
In May this year, Neogen introduced an enhanced version of its Igenity Beef profile, a genomic test for commercial cattle.
Last year, Neogen partnered with International Genetic Solutions (IGS) to support its Igenity Beef by leveraging IGS’s platform. The updates are now live and are available to cattle producers.
Since 2003, Igenity has been advancing in commercial genomic testing for beef. With a single DNA sample, the platform can deliver an estimate of the genetic merits for 16 economically relevant traits under three indexes.