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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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