SDIX (SDIX) to Sell Food Safety Assets in $13.5M Deal
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SDIX (Nasdaq: SDIX) has entered into an agreement to sell the assets of its Food Safety and GMO businesses to Romer Labs for $13.5 million. Following this transaction, the Company will concentrate on its Life Science business. Romer Labs is acquiring the intellectual property, current inventory and commercial contracts, as well as the equipment for the two businesses and will employ the current staff.
The acquisition is expected to be completed during the fourth quarter of 2012.
The acquisition is expected to be completed during the fourth quarter of 2012.
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