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M&A Deal Summary

Neogen Acquires Centrus International

On February 21, 2006, Neogen acquired medical products company Centrus International from Eastman for 3M USD

Acquisition Highlights
  • This is Neogen’s 1st transaction in the Medical Products sector.
  • This is Neogen’s 3rd largest (disclosed) transaction.
  • This is Neogen’s 1st transaction in the United States.
  • This is Neogen’s 1st transaction in Michigan.

M&A Deal Summary
Date 2006-02-21
Target Centrus International
Sector Medical Products
Buyer(s) Neogen
Sellers(s) Eastman
Deal Type Divestiture
Deal Value 3M USD

Target

Centrus International

Ann Arbor, Michigan, United States
Centrus International, Inc. is a producer of Soleris™, a user-friendly, rapid optical testing system that accurately detects microbial contamination.

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Buyer(S) 1

Buyer

Neogen

Lansing, Michigan, United States
Category Company
Founded 1981
Sector Test/Measurement Equipment
Employees2,640
Revenue 822M USD (2023)
DESCRIPTION
Neogen's corporate headquarters in Lansing, Michigan.
Neogen's corporate headquarters in Lansing, Michigan.

Neogen develops and markets products dedicated to food and animal safety. The Company's food safety division markets dehydrated culture media, and diagnostic test kits to detect foodborne bacteria, natural toxins, food allergens, drug residues, plant diseases and sanitation concerns. Neogen was founded in 1981 and is based in Lansing, Michigan.

DEAL STATS #
Overall 2 of 30
Sector (Medical Products) 1 of 8
Type (Divestiture) 1 of 5
State (Michigan) 1 of 3
Country (United States) 1 of 15
Year (2006) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-06 Adgen

Ayr, United Kingdom

Adgen Ltd. is a dedicated diagnostics company. Adgen's principal activities are the development, validation and marketing of products for the detection of plant disease, bacteria, toxins and pollutants which affect the agri-food industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-27 Kane Enterprises

Lexington, Kentucky, United States

Kane Enterprises, Inc. is a manufacturer and importer of specialty animal health products for veterinary and animal health markets.

Buy $6M

Seller(S) 1

SELLER

Eastman

Kingsport, Tennessee, United States
Category Company
Founded 1920
Sector Chemicals
Employees14,000
Revenue 9.4B USD (2024)
DESCRIPTION
Eastman Chemical plant in East St. Louis, Illinois.
Eastman Chemical plant in East St. Louis, Illinois.

Eastman is a specialty chemical company that produces a broad range of advanced materials, chemicals, and fibers. Eastman's businesses are managed through five segments including Additives & Functional Products, Adhesives & Plasticizers, Advanced Materials, Fibers, and Specialty Fluids & Intermediates. Eastman was fouded in 1920 and is based in Kingsport, Tennessee.

DEAL STATS #
Overall 1 of 4
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 4
State (Michigan) 1 of 2
Country (United States) 1 of 4
Year (2006) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Novomatrix Pte

Singapore, Singapore

Novomatrix Pte Ltd ("Novomatrix") offers across product categories in the spectrally selective window film market; with research and development, brand development/management and marketing and distribution capabilities.

Buy -
Mergr

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