Neogen Corporation Completes Sale of Cleaners & Disinfectants Business to Kersia Group for $130 Million

Reuters

07-18

Neogen Corporation Completes Sale of Cleaners & Disinfectants Business to Kersia Group for $130 Million

Neogen Corporation has announced the completion of the sale of its global cleaners and disinfectants business to Kersia Group for $130 million in cash, with additional contingent consideration based on future performance. This move is part of Neogen's strategy to simplify and enhance its focus on core business areas. The net proceeds from this transaction will be used to repay $100 million of debt within the current quarter, which is expected to reduce the company's net leverage by 0.4x on a pro forma basis. Neogen's President and CEO, John Adent, expressed confidence in Kersia as the right long-term owner for the business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Neogen Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250718811310) on July 18, 2025, and is solely responsible for the information contained therein.

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ID: 20250718811310) on July 18, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2211817866.USD","symbol_name":"Allianz Food Security AT Acc USD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250718:nNDL7kcKV4:1","article_id":"2552460274","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552460274","pubTimestamp":1752842723,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Neogen Corporation has announced the completion of the sale of its global cleaners and disinfectants business to Kersia Group for $130 million in cash, with additional contingent consideration based on future performance. 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