Lansing Neogen merges with 3M .’s food safety business

Lansing Neogen merges with 3M .’s food safety business

View of the proposed new three-story Neogen Research Building in Lansing.

LANSING – Biotechnology company Neogen Corp, which has been in Lansing for 40 yearsannounced the completion of the merger with the food safety business of the multinational group 3M.

The deal was first announced in December 2021 The completion was announced Thursday.

The merger means that Neogen will significantly expand its food safety product offerings, particularly in the areas of indicator testing and pathogen detection, which complement its existing microbiology lines, According to the Neogen website.

“This is the beginning of a new era for all of us at Neogen as we come together to create an innovative leader at the forefront of food security,” John Adent, President and CEO of Neogen, said in a video posted on the company’s website.

Neogen scientist Debra Foti tests egg samples for salmonella at the company's Allen Street lab in 2010. Neogen recently acquired a Brazilian pesticide plant.

Neogen said the merger would not have an immediate impact on either company’s operations or how customers interact with it.

As part of the terms of the merger agreement, additional directors will be appointed to the Neogen Board of Directors, increasing the board to 10 members.

Under the terms of the merger, involving a tax-exempt “Reverse Morris Trust” structure, Existing Neogen shareholders will continue to own approximately 49.9% of the combined company and 3M shareholders will own approximately 50.1% of the combined company, according to the merger press release.

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