IDEXX Laboratories, Inc.NASDAQ
Aug. 21, 2013, 7:37 AM
- 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)