Newsham enters into strategic alliance
Newsham Choice Genetics, West Des Moines - Iowa, USA
and Groupe Grimaud, France, have entered into an agreement to form a longterm
Newsham is currently the 2nd largest supplier of swine genetics in the North
Grimaud is the 2nd largest multi-species poultry genetics group supplying
customers in more than 100 countries from its European, US, Brazilian and Asian
Under the terms of the agreement, Grimaud takes an important interest in
Bucolica BV, the Netherlands based company holding a major interest in Newsham.
The Newsham original ownership: Bucolica, the Mitchell family, and key Newsham
employees remain in control.
This alliance strengthens the acceleration of Newsham's business development
outside North America and seeks synergies in the field of research and
Newsham Choice Genetics has extensive
experience in the North American market, supplemented by the recent acquisition
of Monsanto Choice Genetics. Newsham will continue to develop its R&D and
commercial activities in the swine genetics business through maintaining the
original focus on North America as well as pursuing selective expansion in new
markets in collaboration with the global network of Grimaud.
Grimaud's investment in Bucolica occurs through its new holding, "Pig
Genetics Development Company", which will be the vehicle for its development in
the swine genetics business particularly in Europe and Asia, headed by Pieter
Seghers who has extensive experience in this industry.
Frédéric Grimaud, president of Groupe Grimaud stated: "I am very pleased with
this agreement. It fits perfectly with our long term strategy to develop a
global animal multi-species genetics group. This alliance brings a new promising
dimension into our Group."
Brent Mitchell, Co-CEO of Newsham commented: "Newsham Choice Genetics has
excellent products and technologies which now can be offered to the pig industry
on a worldwide basis through the alliance with the Grimaud Group."
â€¢ Groupe Grimaud
â€¢ Newsham Choice Genetics
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