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.
Improving your facility’s approach to sanitary design clears the path for downstream improvements in cleaning and sanitation and environmental monitoring.
New solution is ideal for use in light-duty operations within industries like beef, pork, poultry and other applications that employ cleated modular belts.