Newsham, Grimaud Further Commitment to Global Pig Genetics

GLOBAL - The current ownership group of Newsham Choice Genetics has agreed that its current European joint venture partner, Groupe Grimaud, will obtain 100 per cent ownership of the company.
calendar icon 26 January 2010
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Presently, Newsham Choice Genetics has three ownership entities: Bucolica, the Netherlands-based group that includes partner Groupe Grimaud of France; the Mitchell family; and some Newsham management personnel. The timetable for the change is February.

“As a global leader in multi-species animal genetics, Groupe Grimaud understands the future growth opportunities in swine genetics,” says Frederic Grimaud, president of Groupe Grimaud. “Newsham Choice Genetics continues to utilise leading technologies to grow their market. This ownership change indicates our dedication and support for the Newsham Choice Genetics business and their ability to create genetic change at an unprecedented rate to meet the demands of the swine industry. We also see a real opportunity to extend Newsham business worldwide through the global network of our group as well as a larger cooperative emphasis in R&D innovation and development.”

Brent Mitchell, Co-CEO of Newsham Choice Genetics said: “This decision is an important progression to our dedication to meet the future needs of our industry. This step will provide very positive support to our goal of becoming a global leader in swine genetics technology.”

Groupe Grimaud, inclusive of Newsham Choice Genetics, employs approximately 1,500 people and forecasts about US$290 million in 2010 revenue, doing business in more than 100 countries worldwide.

Mark Weaver, DVM, Co-CEO of Newsham Choice Genetics said: “Profitability in today’s pork production industry is intimately tied to breeding stock choices and genetics. Technologically, Newsham Choice Genetics leads the industry in proprietary marker-assisted selection that provides for accelerated genetic improvement to pork producers. Groupe Grimaud currently utilises this same technology in broiler selection and is committed to Newsham Choice Genetics’ continued growth in technology and products.”

Newsham Choice Genetics’ current management team will continue serving in their current roles. “We are excited about the synergies and benefits that our combined management group will provide to the ongoing business, especially at the customer support and service level,” said Mr Mitchell.

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