Idexx Labs Acquires Brazil Distributor Madasa Do Brasil - Quick Facts

(RTTNews) - Idexx Laboratories Inc. (IDXX), a provider of pet healthcare products and services, announced that it has acquired all outstanding shares of Madasa do Brasil Ltda. Based in Sao Paulo, Brazil, Madasa is a distributor of Idexx Dairy and bovine testing products, as well as other food safety testing products.

Idexx said that All Madasa employees will join the company and continue operations in Sao Paulo.

Over the remainder of 2013, the acquisition is expected to contribute approximately $2 million of revenue and have no financially material impact to earnings.

The company noted that the transaction was not included in the recent guidance for 2013.

The company had said in late July that it expected earnings per share for the full year to be in the range of $3.42 - $3.48 compared to previous forecast of $3.40 - $3.46, reflecting revised share count estimates. The company expected revenues for the full year to be $1.37 billion - $1.38 billion reflecting expected organic revenue growth of 7.0 to 7.5 percent.