Integrated DNA Technologies (IDT) has acquired MBiotech, a Seoul, South Korea-based distributor of IDT products.
Coralville-based IDT said MBiotech has made IDT's brand well-known throughout the South Korean peninsula. The company also distributes products for other manufacturers, which include reagents, enzymes, kits, consumables and lab equipment.
Terms of the sale were not disclosed. Following the acquisition, IDT will continue MBiotech's distribution of other manufacturers' product and plans to keep day-to-day operations unchanged, IDT said in a June 2 announcement.