July 7, 2008


Cobb-Vantress and Hendrix Genetics form alliance
Press Release

Cobb-Vantress and Hendrix Genetics are forming an alliance that will strengthen Cobb's leading position in the broiler breeding industry and Hendrix Genetics' leading positions in egg layer, turkey and swine genetics and enable the two companies to explore further joint venture opportunities.


Cobb and Hendrix Genetics signed and completed a broiler joint venture in which Cobb acquired Hybro in exchange for preferred stock, with terms of the acquisition undisclosed.


The two companies have also signed a joint development agreement involving their respective Research & Development into livestock genetics and they are also investigating a possible joint venture in which part or all activities may be combined in the future.


Combining the efforts of the two R&D teams will make them more efficient and more successful, according to Jerry Moye, president of Cobb-Vantress.


"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," Moye said.


The Hybro organization, genetic lines and facilities will become a part of Cobb. 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.


Cobb-Vantress, based in Siloam Springs, Arkansas, is the world's leading supplier of broiler breeding stock and technical expertise for the chicken meat industry. Cobb serves the world's broiler industry in more than 90 countries and the company has partnerships with over 50 distributors worldwide.


Hendrix Genetics is a global multi-species animal genetics company with four divisions: Institut de Sélection Animale (ISA), the layer breeding division; Hybrid the turkey breeding division; Hypor the pig breeding division and SFPA, the poultry distribution division. The Hendrix Genetics team combines 46 nationalities in subsidiaries and offices in 23 countries around the world.