News update:Mar 9, 2016

Hendrix Genetics partners with Dutch turkey distributor

Global turkey breeding company, Hendrix Genetics, has reached an agreement in principle to acquire a controlling stake in turkey distributor Coolen, who owns the largest turkey hatchery in the Netherlands.

For Hendrix Genetics, the Netherlands can play a strategic role as supplier to Germany and as export base for markets outside of Europe. Both companies also see, next to commercial turkeys, great opportunities in developing the market of traditional and bronze turkeys. The transaction is expected to close before year end, following customary due diligence and other approvals.

Primary turkey breeder

Coolen is a family-owned company in its third generation and is a pioneer of the Dutch turkey sector. Initially, Coolen started as a primary turkey breeder with the brand Hydon. Over the last 30 years Coolen has grown its company as a distributor of day old turkey poults focused mainly on the Netherlands and neighbouring markets.

Henk Coolen, shareholder and managing director of Coolen Hatchery, said "I am happy to come to this agreement with Hendrix Genetics.  The fact that I will continue to work in the company allows me to contribute and help grow the company even further."

You may also find interesting:
Hendrix Genetics (ISA) expects turnover to double
Hendrix Genetics, one of the world's largest animal breeding companies, expects to see its turnover almost double to €600 million within the next five years.

Integrated supply of turkey poults

Dave Libertini, managing director of Hendrix Genetics Turkeys Business Unit remarked "We welcome Henk and all the employees of Coolen onto our team.  We expect this acquisition will provide customers throughout Europe with a secure, integrated supply of turkey poults as part of an aligned distribution network."

Antoon van den Berg, CEO of Hendrix Genetics, commented "The fact that the hatchery of Coolen is located so close to our home base makes this a natural fit for Hendrix Genetics as a whole. The Netherlands could act as a natural base for the expansion of our traditional and bronze turkey market."

Or register to be able to comment.