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Hendrix Genetics sign memorandum of understanding to acquire Euribrid

Hendrix Genetics B.V. and Nutreco Holding N.V. have signed a Memorandum of Understanding regarding the sale of Nutreco's animal breeding activities “Euribrid” to Hendrix Genetics B.V. This includes its related Animal Breeding Research Centre. The selling price is €50 million. Completion of the deal is expected in the first half of 2007.

Antoon van den Berg, chief executive officer and co-shareholder of Hendrix Genetics: “Today is a great day for both companies. By combining the breeding activities, Nutreco and Hendrix Genetics further develop their joint relation, which is built on trust and mutual successes. I am honoured and proud to give leadership to this new enlarged group and we are confident, knowing the capabilities of the people and breeding know how of Euribrid, combined with an even greater shareholder stability and dedication from Hendrix Genetics, that we are able to create a strong breeding group that establishes leadership in the sectors we are working in.”
Thijs Hendrix, president and controlling shareholder of Hendrix Genetics: “Based upon our common history and shared values we will create a new platform with a new horizon that will enable us to further focus on growth and consolidation opportunities in animal breeding and life sciences.”
 
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