Centurion acquires poulty breeding division of Pureline Genetics

By Centurion Poultry January 7, 2009

Features Business & Policy Trade

January 7, 2009-

Effective January 1,
2009 Centurion Poultry, Inc. has purchased all the Connecticut based assets, genetic stock and trade names from Pureline Genetics LLC.

This
purchase will mark a return to the broiler breeding
business of Centurion Poultry. In 1991 Centurion briefly entered the
broiler breeding business when it took
over the assets of “Hypeco USA Inc.” and continued to market broiler genetics
under the “Avico” trade
name until the Company decided to concentrate on the further development of its market for layer breeding stock and exited
the broiler business in 1993.

Pureline Genetics was started as a primary
breeding company by Henry Saglio in 2000. In 2004 a Venture Capital group invested additional funds to allow the Company to make a strong start as a supplier of
breeding stock to the broiler industry.
Due to several reasons it did
not result in a strong market penetration
the Company had hoped for. As a result of accumulating losses and
disappointing sales, the investors decided to divest themselves from the
poultry breeding.

While there will be very few operational
changes at its base in Preston, Connecticut ,
Dominic Saglio , Location Manager and Harris Wright, Director of Genetic
Research will continue to manage the
operations. However, there will be an overhaul in the domestic and international
marketing and customer support departments which is expected to be
completed by the summer of 2009.