USA – Neogen Corporation has acquired Diessechem S.R.L., an Italy-based distributor of food and feed safety diagnostics, for an undisclosed amount.
Diessechem is a supplier of food safety diagnostics to public authorities for food safety, food industries, grain companies, feed mills, and many private laboratories operating in food and environmental test and measurement market across Italy.
Diessechem’s operations will remain in Milan but will be managed through Neogen’s European operations.
As part of to the terms the acquisition, key Diessechem employees will be joining Neogen, ensuring a smooth transition and continued strong revenue growth.
“Italy has traditionally been a strong market for our food safety products, and we believe it continues to hold excellent growth opportunities for that segment, as well as our animal health, and genomic products and services,” said Dr. Steve Chambers, Neogen’s managing director for its European operations.
“Our operations across the United Kingdom have allowed us to serve our direct customers and more than 30 distributors throughout the European Union with easily accessible inventory and increased support.
“Adding Diessechem’s distribution network in Italy to our European operations will further strengthen our presence in the EU. We have retained familiar sales and marketing staff to ensure consistency of service and support,” Steve added.
“The acquisition of Diessechem adds significantly to our European operations as Italy becomes part of our direct sales coverage,” said James Herbert, Neogen’s chairman, who oversaw this transaction as his 48th and final acquisition.
“Our United Kingdom-based organization now sells directly into the largest four European economies, as well as Netherlands and Ireland.”
Diessechem has been an authorized distributor of Neogen since its inception 27 years ago.
The company is already a leading supplier in Italy of diagnostic kits and instruments used in laboratory analysis and food safety.
Fabrizio Ciniselli, Diessechem’s managing director added: “Over the past 27 years we have helped provide a safer and more reliable food supply for Italy. This acquisition by Neogen will assure this program continues into the future.”
The deal comes shortly after Neogen recently announced the acquisition of Products Quimicos Magiar, its food safety diagnostics distributor in Argentina and Uruguay.