Lansing’s Neogen Corp. has acquired a solution to control horn fly and lice in beef cattle. According to the Michigan Beef Industry Commission, Michigan cattle is the source of 33 percent of the state’s beef demand.
Neogen plans to acquire the U.S. rights to Elanco’s StandGuard Pour-on for horn fly and lice control in beef cattle, and related assets. Financial terms were not disclosed. Elanco is based in Indiana.
Closing remains subject to a final Federal Trade Commission consent for closing of Elanco’s acquisition of Bayer AG’s global animal health business.
StandGuard Pour-on is one of the leading products in the domestic beef cattle insecticide market. Neogen began offering agricultural insecticides with the acquisition of Chem-Tech in 2014.
“Elanco’s divestiture of its StandGuard product is an unexpected opportunity that we could not pass on,” says John Adent, president and CEO of Neogen. “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 (the chemical in the product) active.”
The acquisition of Chem-Tech brought the company Prozap, an insecticide brand in the large animal production industry. It is popular with dairy and equine producers.
Neogen develops and markets products dedicated to food and animal safety. Its food safety division markets dehydrated culture media and diagnostic kits to detect foodborne bacteria, natural toxins, food allergens, drug residues, plant diseases, and sanitation concerns. Its animal safety division develops animal genomics and health care products including diagnostics, pharmaceuticals, veterinary instruments, wound care, and disinfectants.
Elanco offers solutions to enhance animal health. Elanco and Neogen are present in North and South America, Africa, Europe, Asia, and Australia.