President, Chief Executive Officer & Director, Neogen
Search every verified John Adent interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. John Adent, President and CEO of Neogen, discussed the company's acquisition of 3M's food safety business in a September 2022 interview on CNBC's "Mad Money." He stated that the business was one Neogen had "admired for a long time" and described it as "a great complementary fit." Adent said the deal "doubles the size of our business" and would allow Neogen to reach more customers while driving the industry forward through data analytics and blockchain solutions. He explained that blockchain technology enables traceability, giving an example of being able to tell a customer where an animal lived and what it ate from a sample of beef. In a December 2020 earnings call for the first quarter of fiscal year 2021, Adent reported increased revenues and net income despite the COVID-19 pandemic. He noted that Neogen made sanitizers and disinfectants available outside traditional markets to assist civic efforts against COVID-19. Adent also highlighted the launch of the Solaris next-generation test system, doubled revenues in China, and growth in rodenticide sales in the Pacific Northwest and metropolitan markets. He stated that Neogen was investing in R&D and pursuing acquisitions to stay competitive.
“That's exactly right, you know, that's a business that we've admired for a long time, that 3M business, and we think it's a great complementary fit for us. They've got tremendous IP, they've got employees that are passionate about food safety just like we are, and by bringing it into us we can allow and give them the r...”
“It doubles the size of our business and it really allows us to reach more customers more often with a real unparalleled product offering. Not only does it going to do that, it's going to help us drive this industry forward through our data analytics platform and our blockchain solutions that really increase the efficie...”
“Our blockchain customers on beef, for example, when you go to the store and buy one of our customer steaks and you take it home, if you send me a sample, I'm going to be able to tell you where that animal lived, what that animal ate, all the inputs into that animal, every single stop along the way till it got to your d...”
“We're pleased to report increased revenues and net income compared to our prior year's first quarter in a very difficult operating environment.”
Neogen President and CEO John Adent joined CNBC's Jim Cramer on Wednesday's episode of "Mad Money," one day after ...
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