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Idexx buys Brazilian distributor

  • Idexx Laboratories (IDXX) has acquired Madasa do Brasil, which distributes Idexx's dairy and bovine testing products, for an undisclosed amount.
  • The deal provides Idexx "with an on-the-ground presence in Brazil," thereby presenting "a tremendous growth opportunity" as the company looks to continue to expand its livestock, poultry, dairy and water businesses in the region.
  • Idexx expects the purchase to add $2M to 2013 revenue but have no financially material impact on earnings. (PR)
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