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NEOGEN COMPLETES THE SALE OF ITS CLEANERS & DISINFECTANTS BUSINESS TO KERSIA GROUP
Jul. 22, 2025
Source: Neogene news release
LANSING, Mich. -- 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.
About Kersia
Kersia is a global leader in biosecurity and food safety, offering comprehensive and innovative solutions combining products (detergents, disinfectants, complementary feed solutions, etc.) and services (health protocols, troubleshooting, training, etc.) to prevent disease and contamination of animals and humans at every stage of the food supply chain. Present in more than 120 countries, employing more than 3000 employees and with a turnover of €630 million, Kersia actively invests in research to anticipate the evolution of microbiological contamination and the food safety needs of tomorrow, which will accelerate as a result of climate change.
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