Neogen acquires U.K.-based Lab M Holdings

Neogen acquires U.K.-based Lab M Holdings.
Neogen Corporation has acquired the stock of United Kingdom-based Lab M Holdings, a developer, manufacturer and supplier of microbiological culture media and diagnostic systems; its operations will be managed by Neogen Europe subsidiary.

“The combination of Lab M’s quality products with our Acumedia product line will make Neogen a leading global company in the traditional microbiology market, as well as give us new tools we can incorporate into our food safety diagnostics to enhance our products,” Neogen CEO and Lab M Chairman James Herbert said.

Terms of the agreement were not disclosed. Neogen Corporation develops and markets products to food and animal safety. The company’s Food Safety Division markets dehydrated culture media and diagnostic test kits to detect food-borne bacteria, natural toxins, food allergens, drug residues, plant diseases and sanitation concerns.

Lab M was founded in 1971 and became a leading provider of microbial testing and diagnostic products for the global food, water, industrial and clinical testing markets. The company currently sells into more than 70 countries worldwide and has several large customers in the EU, Middle East and India.

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