Euribrid acquired by Hendrix Genetics
Euribrid, Nutreco's animal breeding activity, will be sold to Dutch breeder
Hendrix Genetics. For that purpose, the companies signed a memorandum of
The deal includes Euribrid's related animal breeding research centre. The
selling price is €50 million. Completion of the deal is expected in the first
half of 2007.
Antoon van den
Berg, chief executive officer and co-shareholder of Hendrix Genetics, said he
was hoping that both companies 'could further develop their joint relation,
which is built on trust and mutual successes'.
He continued, "I am
honoured and proud to give leadership to this new enlarged group and we are
confident, knowing the capabilities of the people and breeding know how of
Euribrid, combined with an even greater shareholder stability and dedication
from Hendrix Genetics, that we are able to create a strong breeding group that
establishes leadership in the sectors we are working in."
Hendrix, president and controlling shareholder of Hendrix Genetics, added,
"Based upon our common history and shared values we will create a new platform
with a new horizon that will enable us to further focus on growth and
consolidation opportunities in animal breeding and life
Euribrid consists of
several animal breeding divisions, including Hypor for pigs.
Online, a Dutch online pig management system, is owned by Hendrix Genetics. The
company also has many poultry breeding sites across the
Related news item:
â€¢ Nutreco possibly taken over, says bank (24 Jan
â€¢ Hendrix Genetics
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