NEOGEN completed the acquisition of a 49.9% stake in the food safety business of 3M for $1bn.

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.