Announced
Completed
Financials
Tags
food safety
United States
Acquisition
Private
Majority
Friendly
Domestic
Single Bidder
Biotechnology
testing inspection and certification
Completed
Test Inspection and Certification (TIC)
Synopsis
NEOGEN, an international food safety company, completed the acquisition of a 49.9% stake in the food safety business of 3M, a business conglomerate, for $1bn. "We welcome the former 3M Food Safety team to the Neogen family and are thrilled to unite two organizations with a shared focus of being a leading company in the development of solutions for food and animal safety. Together, we will be at the forefront of food safety and digitization, positioning Neogen as an innovative global industry leader," John Adent, NEOGEN President and CEO.
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