The acquisition of Megazyme is expected to expand Neogen’s food diagnostics portfolio and aligns with its mission to provide comprehensive solutions to global food producers
Neogen to acquire Irish food quality diagnostics firm. (Credit: NEOGEN Corporation.)
Neogen, a food safety solutions provider, has acquired Megazyme, an Ireland-based supplier of analytical solutions for food and beverage industries, for an undisclosed amount.
Established in 1988 in Sydney, Australia, Megazyme is based in Bray, Ireland since 1996. It develops analytical methods used for measuring carbohydrates and enzymes in grain and cereal products affecting quality.
It expanded its interests to wine, dairy and food industries and also develops test kits and reagents for use in analytical and research laboratories.
Neogen international business vice president Jason Lilly said: “NEOGEN has had a long relationship with Megazyme and highly respects the business and products Dr. McCleary has developed and built.
“The addition of Megazyme to the global NEOGEN business will strengthen our relationships with the largest food producers and those companies that are aligned with our mission of food security and quality.
“The integration of the Megazyme product line into NEOGEN’s traditional food safety products will allow us to expand our commercial relationships across food companies and ensure not only safe food, but the highest quality and nutritional content.”
Megazyme will continue to operate as a standalone business and will be managed by Neogen’s European operations in Scotland.
Megazyme co-founder and CEO Barry McCleary said: “After more than 30 years of building Megazyme to a leading food diagnostics company, I’m very pleased to see the company becoming a part of NEOGEN’s comprehensive solution for food security and quality.
“I am honoured to be part of such a great company and look forward to working with NEOGEN to develop and market new and innovative dietary fibre and carbohydrate analysis products and solutions.”
McCleary will continue to be a strategic advisor to Neogen in the area of food quality diagnostics.
In July last year, Neogen agreed to acquire the US rights and related assets of StandGuard insecticide from Elanco.