Neogen Corporation announced it has entered into a definitive agreement to sell its global cleaners and disinfectants business to Kersia Group for $130 million in cash at closing plus contingent consideration tied to the future performance of the business.
“The sale of our cleaners and disinfectants business further focuses Neogen on food safety diagnostics and continuing to build on our leadership position in what we believe is an attractive end market with long-term tailwinds,” John Adent, president and CEO of Neogen, said in a release.
“The transaction is expected to be accretive to margins and close in the first quarter of the company’s 2026 fiscal year, subject to regulatory approval and customary closing conditions,” Neogen said in a release.
With approximately $60 million of annual revenue, Neogen has a broad range of cleaners and disinfectants, the release says.
“Being used to such transactions and equipped with a dedicated process for a smooth and efficient integration, we are keen to appropriately welcome the collaborators within the business,” Sébastien Bossard, CEO of Kersia, said in a release. “I am convinced that their expertise and experience, as well as the wide range of products in the business, which perfectly complement our existing solutions, capabilities and skills, will be a key step in enabling Kersia to better serve its clients in the U.S. and abroad. Together, we will pursue our mission to ensure food safety across the food chain.”
Neogen’s disinfectant and cleaner products are formulated for use in a range of livestock applications, including swine, poultry and ruminant operations.
“The cleaners and disinfectants business has been a strong contributor to our Animal Safety segment and Neogen is committed to a smooth transition for customers, employees and other stakeholders,” Adent says. “We expect Kersia’s prioritization of investment and growth in the biosecurity market will benefit the business and provide sharpened strategic focus to maximize its potential for continued growth.”
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