December 10, 2010

Hendrix Genetics expands into salmon breeding

Hendrix Genetics has signed a Letter of Intent to acquire Landcatch & LNS (Landcatch Natural Selection) from Lithgows Limited, and this development entails the supply of superior salmon eggs and juveniles to salmon producers worldwide.

Thijs Hendrix, President of Hendrix Genetics, stated, "We are excited to be able to enter this significant and growing sector. Aquaculture is a sustainable and valuable protein source all over the world and we are confident we can bring new and innovative ideas to a company with a long and successful track record in aquaculture. Aquaculture breeding is a natural extension to our existing portfolio."

"Once our discussions started it became clear that we share a very similar vision, and we realised that Hendrix Genetics and Landcatch were a natural fit," said James Lithgow, Chairman of Lithgows Limited.

"Landcatch produces its breeding stocks in land-based facilities where they are free from predation and kept in a stress-free environment which ensures high health status. Combining the efforts of our excellent production and R&D teams with those at Hendrix Genetics will make Landcatch and LNS even more effective, and ultimately more successful in supplying superior salmon eggs and juveniles to salmon producers worldwide," Lithgow said.

"This acquisition fits very well with our multi-species breeding strategy, and we look forward to becoming a leading aquaculture breeder, as we have done in turkeys, layers and pigs," Hendrix said.