July 3, 2008 – Cobb-Vantress and Hendrix Genetics are forming an alliance that will strengthen Cobb’s leading position in the broiler breeding industry and Hendrix Genetics’ leading positions in egglayer, turkey and swine genetics and enable the two companies to explore further joint venture opportunities.
Cobb-Vantress Inc and Hendrix Genetics B.V. signed and completed July 3:
(a) A Broiler Joint Venture in which Cobb-Vantress acquired Hybro in exchange for preferred stock. Terms of the acquisition have not been disclosed.
(b) A Joint Development Agreement (JDA) involving their respective Research & Development into livestock genetics.
The parties have started to investigate a possible Joint Venture in which part or all activities may be combined in the future.
|Jerry Moye, Cobb-Vantress, shaking hands with Thijs Hendrix on the agreement, Antoon van den Berg, Hendrix Genetics looking on.|
“Once our discussions started”, comments Jerry Moye, president of Cobb-Vantress, “it became clear that we share a very similar vision and strategy, and we realized this alliance is a natural fit. Combining the efforts of our R&D teams will make us more efficient, and ultimately more successful. The combination between Cobb-Vantress and Hybro creates an even stronger global leader in broiler breeding with a further complementary portfolio of product, clients, markets and production structures.””
Thijs Hendrix, président of Hendrix Genetics, adds: “With this alliance we set foot on new land. Together we create a new platform with a new horizon in animal breeding and life sciences”.
The Hybro organization, genetic lines and facilities will become a part of Cobb per today. While Hybro will not operate as a stand alone division, Hybro products will be offered as part of Cobb’s portfolio. Current Cobb and Hybro customers can expect business to continue as usual. Cobb and Hybro’s R&D teams will work together to develop a plan that will give the company its best potential for genetic progress and product development.
Cobb-Vantress, is the world’s leading supplier of broiler breeding stock and technical expertise for the chicken meat industry. Cobb works with their customers to provide for the growing demand for chicken, helping them to increase production efficiency and improve overall returns. Care for the welfare of the chickens and for the needs of the customers is central to the Cobb philosophy.
The company, the oldest in poultry breeding industry, is based in the USA in Siloam Springs, Arkansas. Successful products are distributed to the market and to customers through either direct Cobb-Vantress commercial operations or through the company's partnerships with over 50 distributors worldwide. A portfolio of products caters to different market requirements: The COBB500™, the world’s most popular broiler breeder, is the product of more than 30 years’ research and development. It is the standard for many producers, with a reputation for uniformity and ability to thrive on lower cost nutrition. The COBB700™ has increased emphasis on breast meat yield for deboned and further processed, value added products. COBBAVIAN48™ is targeted at customers seeking a responsive breeder and broiler combination and competitive chick cost required in many markets worldwide. Cobb serves the world’s broiler industry in more than 90 countries with about 1,700 employees.
Hendrix Genetics B.V.
Hendrix Genetics is a global multi-species animal genetics company investing in technology, people and progress to deliver sustainable value to business partners, employees and society.
Hendrix Genetics has 4 divisions: Institut de Sélection Animale (ISA), the layer breeding division; Hybrid the turkey breeding division; Hypor the pig breeding division and SFPA, the poultry distribution division.
Hendrix Genetics has around 1000 employees with a further 500 working in joint ventures. This Hendrix Genetics team combines 46 nationalities in subsidiaries and offices in 23 countries around the world.
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