Net proceeds from the transaction will be used to repay $100 million of debt in the current quarter and are expected to reduce Neogen's net leverage by approximately 0.4x on a pro forma basis.
Neogen completes 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.
Live Production, Welfare and Biosecurity Seminar equips poultry professionals with practical tools and insights to address production efficiencies, welfare and biosecurity best practices.
Frozen product labeled as pork and beef tortellini may actually contain pork and beef toasted ravioli, made with known allergens not declared on the product label.