USA – Neogen Corporation, an America food safety test kits supplier has acquired the food safety assets of Australia-based Cell BioSciences, a major supplier of food safety and industrial microbiology products.
With this asset acquisition, Neogen will now have a direct sales presence across Australasia for its entire portfolio, including food safety, animal safety and animal genomics.
The Michigan-headquartered company founded Neogen Australasia when it acquired The University of Queensland-Animal Genetics Laboratory in September 2017 and subsequently added animal safety and life science products to its offerings.
Neogen noted that it will continue to operate Cell BioSciences’ food safety business under Neogen’s name from Cell BioSciences’ existing Melbourne location to ensure excellent customer continuity, as Neogen Australasia looks to centralize its expanding operations in a future location.
“This acquisition completes the Neogen food security trifecta of our genomics, animal safety and food safety businesses under the umbrella of our Neogen Australasia operations.
“Our Australian business has tripled its revenues since our acquisition of the genomics lab in 2017,” said Dr. Jason Lilly, Neogen’s vice president of international business.
“Adding the ability to directly sell to our food safety customers allows us to promote, market, and sell our Neogen solutions throughout the region, including to the large vertically integrated beef and dairy companies across Australia and New Zealand.”
Following the acquisition, Joe Cardamone, managing director of Cell BioSciences said that Cell BioSciences will continue to operate in its non-food safety markets.
“Cell BioSciences has enjoyed a decade-long partnership with Neogen and has benefited through the sale of highly innovative microbiology products including Soleris and ANSR across Australia,” Joe said.
“It is a pleasure to see Neogen’s commitment to the Australian food safety market, and I look forward to transitioning that portion of our business to Neogen, allowing it to expand and grow faster.”
With the transition, Neogen said that the initial focus will be the continuation of Cell BioSciences’ expansion of sales of Neogen microbiology and sanitation monitoring instrument systems.
Australia is a major global exporter of numerous food and animal products, including beef, aquaculture, fruits, vegetables, and grains.
Annually, the country exports more than US$3 billion each of wheat and bovine meat, and nearly $2 billion of sheep and goat meat.