In a bold move to streamline its operations and double down on its core strengths, Neogen selling Cleaners business to France-based Kersia Group marks a strategic pivot in the company’s long-term growth narrative. The $130 million cash deal, announced Monday, also includes additional performance-based consideration and is expected to close in the first quarter of Neogen’s fiscal 2026 year.
The transaction signals Neogen’s intent to sharpen its focus exclusively on food safety diagnostics—an area where the company has built a formidable global footprint.
Refocusing the Mission: From Barns to Labs
Neogen Corp., known for its cutting-edge diagnostic tools, is shedding its global cleaners and disinfectants unit, which generates about $60 million annually, largely from livestock applications including poultry, swine, and ruminants.
“The sale further focuses Neogen on food safety diagnostics and continuing to build on our leadership position in what we believe is an attractive end market with long-term tailwinds,” said Neogen President and CEO John Adent in a statement.
The proceeds will be used to fully repay $100 million drawn from Neogen’s revolving credit facility, part of a recent term loan refinancing, effectively cleaning the slate for the company’s financial future—quite literally.
