Neogen acquires Kane Enterprises

Based in South Dakota, Kane Enterprises markets its products through a
network of more than 200 distributors in the United States and
Canada.

Kane Enterprises recorded revenues of approximately $6 million in
its most recently completed fiscal year (Sept. 2006). Terms of the acquisition
included $5.8 million in cash and a contingency should sales of the acquired
products exceed a set level.

Kane’s operations will be relocated to and
integrated with Neogen’s Lexington, Ky., facilities.

Established in 1975,
Kane
Enterprises at has grown into an international company with over 100
different products imported from eight countries and sold in over 12
countries.

Neogen Corporation among others 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, genetic modifications, food allergens, drug residues, plant
diseases and sanitation concerns.