Inotiv Announces the Sale of its Israeli Businesses to Harlan Holdings Ltd.
The sale complements Inotiv’s site optimization plan for the Research Models and Services segment of the business.
- The sale complements Inotiv’s site optimization plan for the Research Models and Services segment of the business.
- Additionally, the Company entered into a five-year supply agreement with the buyer for certain of its diets and bedding.
- “With our attractive and competitive profile as a full-service, mid-sized CRO and research model and diet provider, we remain well positioned to maintain strong growth of our businesses.
- The remaining assets held for sale mainly relate to facilities that have been closed as part of the site optimization process the Company has implemented over the last year.