Neogen projects & news

hood

Neogen has completed a merger with a 3M division, I'm not sure what this means for their future in Lansing but given their upcoming expansion it doesn't seem they'll be going anywhere. The article also reiterates that construction on their new building is expected to start next month: https://www.lansingstatejournal.com/story/money/business/2022/09/06/lansing-neogen-merges-with-3ms-food-safety-business/65473623007/

MichMatters

I think this (the merger) is precisely why they announced the project.

hood

Yeah, after looking into it a bit more it looks like the existing Neogen management will be taking the lead in this venture despite being the minority shareholder. I'm still wondering if Neogen is the company that Gillespie spoke of wanting to possibly build a HQ on Larch overlooking the ballpark? Whether at that location or not I wouldn't be surprised to see a new HQ from them in the not-too-distant future.

https://www.cnbc.com/2021/12/15/neogen-ceo-3m-food-safety-unit-deal-improves-blockchain-innovation.html

https://news.3m.com/2022-09-01-3M-Finalizes-Separation-of-its-Food-Safety-Business-and-Merger-of-the-Business-with-Neogen-Accepts-Shares-Tendered-in-Exchange-Offer

MichMatters

Site prep seems to be well under way. Passed it this morning.