Genus Completes Acquisition of Génétiporc

by 5m Editor
25 October 2013, at 8:37am

GLOBAL - Genus has announced that further to the announcement on 23 September 2013, it has now completed the acquisition of Génétiporc, the porcine genetics business of Aliments Breton Foods Group, the largest producer and processor of organic and natural pork in North America.

Discussions continue regarding the acquisition by Agroceres PIC, Genus's 49 per cent owned joint venture in Brazil, of Génétiporc's Brazilian joint venture, following the memorandum of understanding agreed in September 2013.

Génétiporc represents an excellent strategic fit with Genus's core activities and has very similar values to Genus's porcine global business unit, PIC.

Génétiporc has a strong reputation across the Americas for porcine genetics with a particular emphasis on meat quality, product development, biosecurity and health, all of which are also areas of focus for Genus.

The acquisition will bring significant opportunities from the combination of the two operations and will further strengthen PIC's market position.

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