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Forces Joined in Poultry Breeding and Distribution

by 5m Editor
28 September 2011, at 10:46am

NETHERLANDS - Hendrix Genetics B.V. and Financière Grelier Holding s.a.s. have completed their agreement to join forces in poultry breeding and distribution.

Hendrix Genetics acquired 100 per cent of the Grelier Groupe. Jean-Marc and Dominique Grelier to become shareholders of Hendrix Genetics next to Hendrix family (majority and control), Sofiprotéol (the financial institution of the French oil and protein industry) and management.

An exclusive negotiation period was already announced in December 2010. The projected cooperation allows to strengthen the groups and to secure their growth because of complementarities in activities and countries.

This project is a result from the joint reflection by the shareholders of the two groups, which show synergies and significant growth for the resulting group in the coming years. The new combination will have around €300mio sales and more than 2,000 employees.