UK animal genetics group Genus has entered into a strategic partnership with Irish pig breeder Hermitage.
Under the deal, which is still subject to several closing conditions, Genus’s PIC porcine unit will acquire the genetic rights and intellectual property of Hermitage.
PIC also will acquire certain Hermitage customer relationships in various geographies including Russia, the US and several European countries.
The transaction is subject to a number of closing conditions which are expected to be fulfilled by the end of March 2017.
Established in 1958, Hermitage is one of the longest running porcine breeding and genetics companies in Europe, serving big producers in Europe and elsewhere.
The companies said the partnership combines PIC’s genetics expertise and quality, and Hermitage’s supply chain network and operational excellence.
“This combination will strengthen PIC’s ability to deliver genetic improvement in Europe and provide customers of both PIC and Hermitage with access to top-tier genetics and optimal technical and health services,” the companies said.
