January 24, 2008

Hypor to acquire France Hybrides

Canada's swine genetic supplier Hypor has signed a memorandum of understanding to acquire France Hybrides from Groupe Glon.

Completion of the deal is expected in the first half of 2008, although it is subject to various customary conditions including due diligence, necessary consents and approvals.

France Hybrides will legally become part of Hendrix Genetics, and will be integrated with Hypor, which is a division of the Dutch company. Groupe Glon will keep the operational running of France Hybrides in France.

The acquisition mirrors Hypor's strategy to have leading positions in important global pork production markets.

Dave Libertini, Managing Director of Hypor said that the combination of the companies is excellent as the strong gene pool and market position of France Hybrides as well as the extensive research work in place will be very attractive for their customers.

Didier Goupil, Managing Director of France Hybrides said he was extremely pleased about the union. He said values of their organisation are recognised and it will open new opportunities for their products throughout Hypor's global network.

France Hybrides, is a privately held swine genetics company in France which develops swine breeding stock and technical expertise for the pork meat industry.

Hendrix Genetics, headquartered in Boxmeer, the Netherlands, is a multipecies breeding company while Groupe Glon is a France company whose activities include animal nutrition, agricultural supploes, genetics and animal health, food industry, services and expertise.