SALE OF NEOGEN'S CLEANERS & DISINFECTANTS BUSINESS
- kmarsh41
- Jul 24
- 2 min read
NEOGEN’S CLEANERS AND DISINFECTANTS BUSINESS HAS BEEN ACQUIRED BY KERSIA GROUP
Birmingham, Michigan – July 25, 2025 – Angle Advisors is pleased to announce that 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. Angle Advisors acted as the sole investment banking advisor to Neogen in completing the transaction.

“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.
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.
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed over 303 transactions since 2009 for multinational corporations, privately held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.
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