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September 27, 2022 - Neogen Announces CFO Transition. The company’s Chief Financial Officer, Steve Quinlan, has announced his intent to retire effective May 31, 2023, at the conclusion of the company’s fiscal year.
September 1, 2022 - Neogen announced that it has completed the transaction with 3M Food safety, creating a leading innovator in the food safety sector with an enhanced geographic footprint, innovative product offerings, digitalization capabilities, and financial flexibility.
December 14, 2021 - Neogen to Combine with 3M's Food Safety Business.
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Neogen® to Participate in the Piper Sandler 34th Annual Healthcare Conference
Quinlan has served as Neogen’s CFO since 2011, leading the company through more than 30 acquisitions, including the company’s recent acquisition of 3M’s Food Safety business, and driving revenue growth from $172.6 million in 2011 to upwards of $527 million in 2022.
Company reports 3% growth across both Food and Animal Safety segments; 6% increase with neutral currency
The addition of Mr. Capello and Ms. Gupta was agreed by Neogen and 3M Company under the merger agreement for the 3M Food Safety transaction.
The combination of Neogen and 3M’s Food Safety business creates a leading innovator with an enhanced geographic footprint, innovative product offerings, digitization capabilities, and financial flexibility
The transaction is expected to be completed on September 1, 2022, subject to the satisfaction or waiver of the remaining customary closing conditions.
The fourth quarter marked the 120th of the past 126 quarters that Neogen has reported revenue increases compared to the same quarter in the prior year.
The Notes are being offered as part of the financing for the proposed combination of the Food Safety Business of 3M with Neogen in a Reverse Morris Trust transaction (the “Merger”).
Forward Looking Statements
These forward-looking statements are subject to certain risks and uncertainties. Actual future results and trends may differ materially from historical results or those expected depending on a variety of factors listed in Management's Discussion and Analysis of Financial Condition and Results of Operations in the company's most recently filed Form 10-K.