Neogen Corp (NEOG - Snapshot Report) recently took over Heywood, England-based Lab M Holdings – a provider of microbiological culture media and diagnostic systems. The company’s products are used in global food, water, industrial and clinical testing markets.
Per Neogen, the integration of Lab M’s products into its Acumedia product suite will position the company as the leading global provider of traditional microbiology tools. Acumedia offers dehydrated culture media for varied purposes, including traditional bacterial testing and growing beneficial bacteria.
The buyout will also help Neogen to offer advanced food safety diagnostics tools to its customers. Moreover, it will expand the company’s footprint in the international markets, as Lab M has a strong clientele in European Union, Middle East and India. Further, the Lab M acquisition is expected to boost Neogen’s Food Safety revenues in fiscal 2016 and beyond.
Click here to read more.
Source: zacks.com
Latest from Quality Assurance & Food Safety
- FDA Releases Produce Regulatory Program Standards
- Invest in People or Risk the System: Darin Detwiler and Catalyst Food Leaders on Building Real Food Safety Culture
- USDA Proposes Increasing Poultry, Pork Line Speeds
- FDA Releases New Traceability Rule Guidance
- TraceGains and iFoodDS Extend Strategic Alliance
- bioMérieux Launches New Platform for Spoiler Risk Management
- SafetyChain Receives SOC 2 Type 2 Certification
- Puratos Acquires Pennsylvania-Based Vör Foods
