File Photo

Mar 31, 2020

Neogen Acquires Chilean Food Safety Company

Magiar Chilena is a distributor of food, animal, and plant diagnostics

source: Neogen Corp.

Neogen Corp. has acquired the assets of Chile-based Magiar Chilena (Magiar) — a distributor of food, animal, and plant diagnostics, including Neogen products.

Neogen will incorporate the Magiar assets into its wholly owned subsidiary, Neogen Chile SpA, for continued operations in Chile.

Combined with Neogen's January acquisition of similar businesses in Argentina and Uruguay, this acquisition in Chile completes Neogen's physical presence in the important agricultural Southern Cone region of South America, which has large beef and dairy populations, along with significant food crops that comprise large exports. The Chile operations will be managed directly through Neogen's Latin American operations and will offer direct sales of Neogen food safety, animal safety, and genomic solutions into the country.

"The addition of operations in Chile gives us a direct presence in nearly all of the major agricultural and food industry markets in South America," says John Adent, Neogen's president and chief executive officer. "The use of distributors in distant regions, such as the Southern Cone, was critical as we established ourselves as a company capable of efficiently delivering our solutions to global markets. Combined with our recent acquisitions in Argentina, Uruguay, Italy, and Australia, this acquisition shows that we believe now is the time to drive our own growth in important global markets."

Magiar was founded in 1998, and has marketed diagnostic products for animal feed and food quality control, including Neogen's instrument-based food safety diagnostics.

According to the USDA's Foreign Agricultural Service, Chile is among the top 10 agricultural exporters in the world. Chile's main export commodities are fish, seafood, wine, fresh fruit, dairy, and meat products. The country's gross domestic product per capita reached $16,965 in 2017, which is the highest one in the Latin American region, and is one of the main drivers for consumer spending.

Terms of the agreement were not disclosed.

Neogen Corporation develops and markets products dedicated to food and animal safety. The company's Food Safety Division markets dehydrated culture media, and diagnostic test kits to detect foodborne bacteria, natural toxins, food allergens, drug residues, plant diseases and sanitation concerns. Neogen's Animal Safety Division is a leader in the development of animal genomics along with the manufacturing and distribution of a variety of animal healthcare products, including diagnostics, pharmaceuticals, veterinary instruments, wound care and disinfectants.

Recently Added to Buyer's Guide

C-LEVER EVA HE Controller

  • For bulk solids, accuracy is not impacted by different material densities, irregular material flows or extreme friction
  • All connections available (Ethernet, Profibus, CANbus, etc.) as standard equipment to easily connect/coordinate with existing systems

SORTEX H SpectraVision

  • Real-time tracking of sorting performance and emergency warnings with SORTEX Monitoring System
  • Newly designed in-house full-color cameras provide best color differentiation for subtlest of color defects

Feed Ordering Hub

  • Cloud-based hub designed to increase feed ordering and scheduling automation
  • Allows feed mills to make data-driven decisions and allocate resources better

24" Scalperators

  • Provides high capacity method for removing roughage, light fines and chaff in a single pass
  • Large material scalping and air density separation in one pass

Aqua MicroFeed System

  • Enables users to produce microfeed at 40% increased capacity
  • Optimized die can withstand higher pressure caused by smaller holes due to stronger construction, larger diameter and bigger open surface, and smart die base to create equal distribution of feed toward larger die

Metris Vibe

  • Wireless vibration and temperature sensor can monitor health status of mechanical equipment regardless of original manufacturer
  • Offers increased uptime, reduced maintenance, higher production reliability and improved safety

Magazine

Marketwatch: Jun, 25

US Corn Price Idx: ZCPAUS.CM

open: 7.4421
high: 7.6444
low: 7.4346
close: 7.542

US Soybean Price Idx: ZSPAUS.CM

open: 15.4141
high: 15.6298
low: 15.3573
close: 15.5279

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 9.6294
high: 9.7673
low: 9.465
close: 9.4735

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 8.9846
high: 8.9946
low: 8.6368
close: 8.6608