National legal business DWF has advised the shareholders of UK-based Lab M Holdings on its sale to international food safety company Neogen Corporation.
The DWF team, led by corporate partner Jonathan Robinson with support from Mel Kay, advised Lab M Holdings and the founder - Colin Goodwille, Maven Capital Partners and Albion Ventures on the significant acquisition.
Manchester-based Lab M Holdings is one of the leading providers of microbial testing and diagnostic products for the global food, water, industrial and clinical testing markets. It develops, manufactures and supplies microbiological culture media and diagnostic systems across more than 70 countries worldwide, and has a strong client base in Europe, the Middle East and India.
Neogen Corporation develops and markets products dedicated to food and animal safety. The international food safety company will maintain Lab M’s current facility in Heywood, and its operations will be managed by Neogen’s Scotland-based Europe subsidiary.
Jonathan Robinson, commenting on the deal, said: “The deal sees two complementary companies coming together to deliver a new enhanced service for a wide ranging client base. Lab M’s expertise will bring new capabilities and products to Neogen’s global food safety business and we were pleased to support Lab M Holdings through the acquisition.”