Lab M to be acquired by Neogen

Lab M is to be purchased by the European division of Neogen for an undisclosed fee.

A leading developer of products dedicated to food and animal safety, Neogen is acquiring Lab M to strengthen its position in the traditional microbiology market, as well as giving it new tools to incorporate into its food safety diagnostic offerings.

Neogen will maintain Lab M's current facility in Heywood, near Manchester, and its operations will be managed by Neogen's Scotland-based Neogen Europe subsidiary.

Lab M's range of prepared media will be a new product line for Neogen, while the Acumedia range was also cited as an attractive asset that was considered an important factor in the deal.

Colin Goodwille, Lab M's retiring chairman, said: "I am confident that Lab M has found an excellent home with Neogen, and wish the Lab M team and its many customers and suppliers every success as part of Neogen's expanding business."

Lab M was founded in 1971 and has been owned by International Diagnostics Group since 1995, achieving considerable growth in the years since then.