Hypor Signs MOU to Purchase PB Duroc Herd

Hypor Inc. announced that it has signed a Memorandum of Understanding to purchase the purebred nucleus herd of Canadian based, purebred Duroc breeder, Shade Oak Swine Ltd. including all AI boars owned by Shade Oak and located at various third party AI stations and all related intellectual property rights. Additionally Hypor will enter into a distribution agreement with Shade Oak's boar stud division known as Total Swine Genetics (TSG).

The purchase of this high health herd builds on the foundation of two genetics companies committed to the improvement of the purebred Duroc terminal sire line. Integration of the two gene pools allows Hypor to further strengthen and optimize its Duroc sire line program. The transaction is expected to be completed in Q3-2009.

Gerjan van Alst, General Manager, Hypor North America, says the purchase of the Shade Oak Swine herd is a perfect fit with the Hypor terminal sire line program and strategy. "For almost 25 years, Shade Oak Swine has been totally focused on the development of their Duroc terminal sire lines," van Alst said. "Like Hypor, Shade Oak Swine believes in the value of using the most advanced testing and breeding evaluation programs available to produce sires that meet the needs of both producers and processors."

Shade Oak Swine President Arnold Ypma stated, "We became leaders by adopting the industry's latest and most advanced testing tools, but ongoing advances in genetic selection technology now come with a very high price tag. Hypor's resources and commitment to molecular research ensures that our customers will reap the benefits of new developments."

The ownership and operations of Total Swine Genetics (TSG) AI stud are not affected by this transaction. Hypor will continue to supply Shade Oak genetics to TSG.

Mr. Ypma will be appointed to the Hypor Sire Line Genetic Advisory Committee.

The combined size of the two herds will significantly increase the purebred Duroc gene pool. Customers of both companies will have access to the best of both worlds through Hypor's inhouse BLUP and data gathering technology. Hypor's Combined Crossbred and Purebred Selection (CCPS) program will continue to maximize product performance at the commercial level.

 

Hypor, a Hendrix Genetics company, is one of the world's leading suppliers of swine genetics. Hypor is committed to providing superior genetics, which support profitability in the pork meat value chain. With its head office located in Kitchener, Ontario, Canada, the company has strategically located and interconnected breeding centers in North America, Europe and Asia.

Shade Oak Swine Ltd., owned by the Ypma family, is an Ontario Canada based, swine genetics company focused exclusively on producing superior quality Duroc terminal sires. The Durocs of Shade Oak are world leaders for growth rate, feed efficiency and carcass quality and these genetics have been exported to over twenty countries around the globe.