NEOGEN Combines Existing Operations with 3M's Food Safety Business
NEOGEN Corporation and 3M have entered into a definitive agreement in which 3M will separate its Food Safety business unit and simultaneously combine it with NEOGEN in a transaction that is intended to be tax-efficient to 3M and its shareholders. The combined business will create an innovative leader in the food safety sector with a comprehensive product range and a strategic focus on the category’s long-term growth opportunities.
The merger is expected to generate significant long-term value for shareholders of the combined company, as well as customers and employees, by: