Hypor Inc. has signed a Memorandum of Understanding (MOU) to purchase the purebred nucleus herd of Canada-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 optimise its Duroc sire line programme.

 

The transaction is expected to be completed in the third quarter of 2009.

 

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.

 

Shade Oak Swine President Arnold 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 both through Hypor's inhouse BLUP and data gathering technology. Hypor's Combined Crossbred and Purebred Selection (CCPS) programme will continue to maximise product performance at the commercial level.

 

Hypor, a Hendrix Genetics company, is one of the world's leading suppliers of swine genetics. With its head office located in Kitchener, Ontario, Canada, the company has strategically located and interconnected breeding centres 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. Shade Oak's Duroc genetics have been exported to over 20 countries worldwide.