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

The acquisition of France Hybrides fits with Hypor's strategy to having leading positions in significant pork production markets in the world. The combination of genetic resources with local market focus is also consistent with Hypor’s mission as "The World's Local Breeder".

Under terms of the agreement, France Hybrides which is known worldwide as a leading breeder of pigs, will become legally part of Hendrix Genetics s.a.s. Distribution activities of France Hybrides products in France with continue through the current network and Groupe Glon.

Dave Libertini, Managing Director of Hypor stated "The combination of Hypor and France Hybrides is an excellent fit. The strong gene pool and market position of France Hybrides as well as the extensive research work in place make this very attractive for our customers."

Didier Goupil, Managing Director of France Hybrides mentioned "We are pleased to be joining Hypor and Hendrix Genetics. They recognize the value of our organization and will open new opportunties for our products throughout their global network. Our customers will see the benefits of this alliance and our employees will also feel at home with this company."