Grimaud enters into strategic alliance
Newsham Choice Genetics, Iowa, US, and Groupe Grimaud,
France, have entered into an agreement to form a long-term strategic
Newsham is currently the 2nd largest supplier of swine genetics in the
North American market, and Grimaud is the 2nd largest multi-species poultry
genetics group supplying customers in more than 100 countries from its European,
US, Brazilian and Asian facilities.
Under terms of the agreement, Grimaud takes an important interest in
Bucolica BV, the Netherlands-based company holding a major interest in Newsham.
The Newsham original ownership, Bucolica, the Mitchell family, and key Newsham
employees remain in control.
This alliance strengthens the acceleration of Newsham's business
development outside North America and seeks synergies in the field of
Newsham Choice Genetics has extensive experience in the North American
market, supplemented by the recent acquisition of Monsanto Choice Genetics.
Newsham will continue to develop its R&D and commercial activities in the
swine genetics business through maintaining the original focus on North America
as well as pursuing selective expansion in new markets in collaboration with the
global network of Grimaud.
Frédéric Grimaud, president of Groupe Grimaud declares: "I am very pleased
with this agreement. It fits perfectly with our long-term strategy to develop a
global animal multi-species genetics group. This alliance brings a new promising
dimension into our Group.â€
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