-

Neogen Completes Sale of Cleaners & Disinfectants Business to Kersia Group

LANSING, Mich.--(BUSINESS WIRE)--Neogen Corporation (NASDAQ: NEOG), a global leader in food safety solutions, announced today it has completed the divestiture of its global cleaners and disinfectants business to Kersia Group for $130 million in cash at closing, plus contingent consideration tied to future performance of the business.

“The completion of this transaction marks an important step forward in simplifying and enhancing the strategic focus on our core business,” said John Adent, President and Chief Executive Officer of Neogen. “We are confident that Kersia is the right long-term owner for this business and its team, and we thank them for their collaboration throughout the process.”

Net proceeds from the transaction will be used to repay $100 million of debt in the current quarter and are expected to reduce the company’s net leverage by approximately 0.4x on a pro forma basis.

About Neogen

Neogen Corporation is committed to fueling a brighter future for global food security through the advancement of human and animal well-being. Harnessing the power of science and technology, Neogen has developed comprehensive solutions spanning the Food Safety, Livestock, and Pet Health & Wellness markets. A world leader in these fields, Neogen has a presence in over 140 countries with a dedicated network of scientists and technical experts focused on delivering optimized products and technology for its customers.

Contacts

IR@Neogen.com

Industry:

Neogen Corporation

NASDAQ:NEOG
Release Versions
English

Contacts

IR@Neogen.com

More News From Neogen Corporation

Neogen Reports Third Quarter Fiscal Year 2026 Financial Results

LANSING, Mich.--(BUSINESS WIRE)--Neogen® Corporation (NASDAQ: NEOG), an innovative leader in food safety solutions, announced its financial results for the fiscal third quarter of 2026 and provided updated full fiscal year 2026 financial guidance. “We continued to make significant progress on our strategic transformation in the third quarter as we look to stabilize and strengthen our core business. We are emboldened by the continued strength in core growth in our Food Safety segment. Combined w...

Neogen® Corporation Announces Appointment of Jennifer Evans Stacey as Chief Legal & Compliance Officer and Board Secretary

LANSING, Mich.--(BUSINESS WIRE)--Neogen Corporation (NASDAQ: NEOG), an innovative leader in food safety solutions, today announced the appointment of Jennifer Evans Stacey as Chief Legal & Compliance Officer and Board Secretary. Ms. Stacey is an accomplished chief legal and compliance officer and board secretary with extensive experience in the life sciences industry. She has served more than 10 years as a public company chief legal and compliance officer and board secretary, as well as fiv...

Neogen to Release Third-Quarter Fiscal Year 2026 Financial Results on April 9, 2026

LANSING, Mich.--(BUSINESS WIRE)--Neogen® Corporation (NASDAQ: NEOG) will issue its third-quarter earnings release before the opening of the market on Thursday, April 9, 2026. Executives from the company will host a webcast and conference call later that morning, beginning at 8:00 a.m. Eastern time. During the call, Neogen management will provide a financial overview and business update of the company’s performance for the third-quarter of fiscal year 2026. The conference call can be accessed by...
Back to Newsroom