Press release Euribrid definitive agreement
HENDRIX GENETICS HAS SIGNED A DEFINITIVE AGREEMENT TO ACQUIRE EURIBRID, THE ANIMAL BREEDING DIVISION OF NUTRECO HOLDING N.V.
Hendrix Genetics B.V. and Nutreco Holding N.V. have signed a definitive agreement regarding the sale of Nutreco’s animal breeding activities “Euribrid”, including its related Animal Breeding Research Centre, to Hendrix Genetics B.V. A Memorandum of Understanding was announced 24 January 2007.
Antoon van den Berg, Chief Executive Officer, says: “Today is a great day for both companies. By combining the breeding activities, Nutreco and Hendrix Genetics further develop their joint relation, which is built on trust and mutual successes.“
Thijs Hendrix, President and controlling shareholder of Hendrix Genetics, adds: “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 sciences”.
Nutreco Holding N.V. is an international animal nutrition and fish feed company and has approximately 75 production and processing plants in about 20 countries with in total 7,500 employees. Nutreco's net sales in 2006 were EUR 3.009 million. Nutreco Holding N.V. is quoted on the Official Market of Euronext Amsterdam and is included in the Amsterdam Midkap Index and the Euronext 150 Index.
Hendrix Genetics is headquartered in Boxmeer, the Netherlands. In line with its strategy it will focus on growth and consolidation opportunities in animal breeding and life sciences. With a number of wholly owned operations and joint ventures across the world in 24 countries on 4 continents, it serves the world’s poultry and pork industry in more than 100 countries with about 1,000 employees.