Biotrace, International BioProducts Inc. deal

BOI will acquire industrial microbiology company International BioProducts for $10 million, including $7 million in cash and $3 million in BOI stock. BOI may pay an additional $4.8 million if certain profit targets are met by March 2005. International BioProducts develops and sells dehydrated and pre-prepared culture media and sample collection and preparation products, and exclusively distributes pathogen tests to detect Salmonella and Listeria in food. ...