Neogen Corporation has divested its cleaners and disinfectants business to Kersia Group for $130 million, enhancing its strategic focus on core operations and reducing debt leverage.

Target Overview

Neogen Corporation, listed on NASDAQ as NEOG, is recognized as a global leader in food safety solutions. Recently, Neogen has concluded the sale of its cleaners and disinfectants business to Kersia Group for a total consideration of $130 million in cash, alongside additional payments based on future performance. This divestiture is part of Neogen's strategic plan to streamline operations and concentrate on its core business segments.

Neogen is dedicated to enhancing global food security through innovative science and technology solutions. With a presence in over 140 countries, the organization drives advancements in Food Safety, Livestock, and Pet Health & Wellness, thanks to its robust network of scientists and technical professionals focused on developing optimized products for its clientele.

Industry Overview

The market for cleaners and disinfectants is integral to sectors such as healthcare, agriculture, and food processing, particularly in the context of ongoing global health concerns. The cleaners and disinfectan