Cobb-Vantress and Hendrix Genetics form alliance

Cobb-Vantress Inc and Hendrix Genetics B.V. signed and completed the following:
– A Broiler Joint Venture in which Cobb-Vantress acquired Hybro in exchange for preferred stock. Terms of the acquisition have not been disclosed.
– A Joint Development Agreement 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.

President of Cobb-Vantress, Jerry Moye: “Combining the efforts of our R&D teams will make us more efficient. 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”

President of Hendrix Genetics, Thijs Hendrix: “Together we create a new platform with a new horizon in animal breeding and life sciences”.

The Hybro organisation, genetic lines and facilities will become a part of Cobb, effective immediately. 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.