Swine Genetics Company Hypor To Acquire France Hybrides

Hypor, the pig breeding division of Hendrix Genetics BV has signed a memorandum of understanding to acquire France Hybrides from Groupe Glon.

The deal should be completed first half of 2008, although remains subject to various customary conditions, including due diligence, necessary consents and approvals.

The acquisition of France Hybrides mirrors Hypor’s strategy to have leading positions in significant global pork production markets. The combination of genetic resources with local market focus is also consistent with Hypor’s mission as 'The World’s Local Breeder'.

Under terms of the agreement, France Hybrides which is known worldwide as a leading breeder of pigs, will become legally part of Hendrix Genetics. Distribution activities of France Hybrides products in France with continue through the current network and Groupe Glon.

Dave Libertini, Managing Director of Hypor said that the combination of the companies is excellent.

"The strong gene pool and market position of France Hybrides as well as the extensive research work in place make this very attractive for our customers,” he added.

Didier Goupil, Managing Director of France Hybrides said he was extremely pleased about the union.

"It recognises the value of our organisation and will open new opportunities for our products throughout their global network. Our customers will see the benefits of this alliance and our employees will also feel at home with this company," he said.