Business & Policy
Hendrix and Grelier join forces
By Jim Knisley
September 28, 2011 – Hendrix Genetics and Financière Grelier Holding have completed their agreement to join forces in poultry breeding and distribution.
Hendrix Genetics has acquired all of the Grelier Groupe. Jean-Marc and Dominique Grelier are to become shareholders of Hendrix Genetics.
An exclusive negotiation period was announced in December 2010. The acquisition will strengthen the company and allows it to secure its growth, according to a news release.
The expanded company will have around €300million sales and more than 2,000 employees.
Grelier was founded in 1955 and its activities include breeding, multiplication and hatchery activities in the turkey, chicken and guinea-fowl breeding industry, with production in France, Poland and Hungary, and sales to more than 38 countries.
Hendrix Genetics, headquartered in Boxmeer, the Netherlands, is a leading multispecies breeding company, with five divisions: layer breeding (Institut de Sélection Animale-ISA), pig breeding (Hypor), turkey breeding (Hybrid poultry distribution (Grelier, SFPA, Integra, Joice and Hill) and aquaculture breeding (Landcatch Natural Selection).