Neogen Corp. (NasdaqGS:NEOG) acquired Chem-Tech, Ltd. from Pat and Kelle Rolfes for approximately $17.2 million on January 2, 2014. The consideration includes contingent payment based on future revenues of the Chem-Tech products acquired. Chem-Tech's revenues for the most recent 12 months exceeded $14 million. Pat Rolfes, Chief Executive Officer of Chem-Tech will continue with Neogen in a consulting capacity. AgriCapital Corporation acted as financial advisor for Chem-Tech.

Neogen Corp. (NasdaqGS:NEOG) completed the acquisition of Chem-Tech, Ltd. from Pat and Kelle Rolfes on January 2, 2014.