October 14, 2014 - Hybrid Turkeys (Hybrid) recently announced that it has signed a letter of intent to enter into proposed agreements in which Ag Forte / Willmar Poultry Company (Ag Forte) would produce commercial eggs and poults under contract to Hybrid, which will allow Hybrid to begin selling commercial eggs and poults in the U.S. and abroad. Hybrid will also take responsibility and ownership of Ag Forte’s U.S. Hybrid Grandparent operations.
Under the proposed terms of the agreement, Hybrid will begin selling commercial eggs and poults to existing Ag Forte customers. Hybrid will lead in all aspects of customer relationships including sales, service and customer satisfaction. These agreements will allow Hybrid and Ag Forte to work closely together to ensure high quality eggs and poults are produced to meet clients’ expectations.
Hybrid will continue to support its existing client base, strengthen its distribution network in the U.S., and remain committed to offering the industry choice, quality and national coverage.
“We believe in the value of an aligned network to effectively deliver our genetics to the marketplace. We also want Hybrid clients to have choice in suppliers. We feel this new agreement helps ensure this reality,” said Dave Libertini, Managing Director of Hybrid Turkeys in a release.
Ag Forte will focus on quality production for the industry and the development of its proprietary vaccines and technology made available through eggs and poults that they produce.
By establishing the owned Grandparent operation in the U.S., Hybrid fulfills its strategic plan to have Parent stock production capabilities in three countries. This ensures security and supply of top quality Hybrid genetics worldwide.
“Our U.S. Grandparent production base will become a key element in our ability to serve the growing demand for Hybrid Parent stock worldwide. We are confident in the ability of the team and these facilities to deliver high quality healthy breeders to our clients in the USA,” Scott Rowland, Director of Operations, Hybrid Turkeys said in a release.
The parties expect to finalize the agreement by December 31, 2014 and will begin the immediate process of planning with prospective customers.