Paine Schwartz takes 50 per cent stake in Hendrix Genetics

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Hendrix Genetics’ management team led by CEO Jolanda van Haarlem will continue operating the business.

On Monday, sustainable food chain investors Paine Schwartz announced in a press release that it had entered into an agreement for strategic investment in Hendrix Genetics, the multi-species animal genetics and technology company.

Paine Schwartz and its affiliated co-investors will hold 50 per cent ownership in the company. Hendrix Genetics’ co-founders, Thijs Hendrix and Antoon van den Berg, will also maintain a 50 per cent ownership position in the company and work in partnership with Paine Schwartz to drive the business forward.

Investment firm NPM Capital, a shareholder in the company since 2015, will sell its minority interest as an integral part of this transaction. Financial terms of the transaction were not disclosed.

Landcatch, a Scottish roe producer, is one of the Hendrix brands

The transaction is expected to close by the end of the first quarter of 2022, subject to regulatory approval and customary closing conditions.

Hendrix Genetics’ management team led by CEO Jolanda van Haarlem will continue operating the business with support from both the co-founder, President & Chairman of the Supervisory Board, Thijs Hendrix and co-founder and Supervisory Board member, Antoon van den Berg.

Thijs Hendrix said, “We are excited to partner with the Paine Schwartz team to build on our strong foundation and further grow by continuing to develop innovative solutions for the animal protein sector that meet the challenges of food production.”

Hendrix continued, “Following NPM Capital’s investment in 2015, this new investment from Paine Schwartz will help us to further accelerate growth through expansion into new markets and sustain our leadership in technology and R&D. This will result in driving the rapid improvement of genetics and breeding along with fundamental gains in genetic improvement for our customers.”

“In Paine Schwartz, we are also gaining a partner that brings expertise in genetics and animal health and a shared commitment to addressing the needs for sustainable food chain solutions. We look forward to working closely with their team as we partner with other leading animal genetics and breeding companies, grow our business and provide the high-quality animal genetics upon which our customers and partners across the food chain rely.”

Founded in 2005 and headquartered in Boxmeer, the Netherlands, Hendrix Genetics is a leading multi-species animal genetics and technology company that provides the animal protein value chain with innovative and sustainable genetic solutions working to support the global food challenge. It has more than 3,500 employees and operations in more than 25 countries.

The company has breeding programs in turkeys, laying hens, traditional poultry, swine, salmon, trout and shrimp. It represnted global through a portfolio of brands, including; Hybrid, ISA, Dekalb, Bovans, Shaver, Babcock, Hisex, SASSO, Hypor, Kona Bay, Troutlodge and Landcatch.