Aviagen has announced it has signed an agreement to purchase Hubbard Breeders, the broiler genetics division of Groupe Grimaud. The agreement between the two companies was signed on July 31 and will be concluded later this year.
As part of the agreement, Hubbard will operate as a wholly owned subsidiary of Aviagen Group, under the direction of Aviagen CEO Jan Henriksen. It will remain an independent broiler breeding company with separate breeding and commercial activities, and will continue to be headquartered in France.
“We welcome Hubbard into the Aviagen family,” said Aviagen CEO Jan Henriksen. “Hubbard’s diversity of genetic products and in-depth expertise in the different segments of the broiler breeding market will greatly contribute to Aviagen`s expanding product line offerings. We look forward to leveraging the full strength of the Aviagen group to further enhance Hubbard`s position as an important player in the global broiler breeder market.”
Hubbard CEO Olivier Rochard agreed the close association with Aviagen will add value to Hubbard`s global customer base. “My management team and I are delighted to become part of such a world-class organisation as Aviagen. We are looking forward to utilising the strengths of both organisations, particularly in the areas of technology, R&D, production efficiencies and distribution capabilities,” he said. “We share with Aviagen the ultimate goal of continually advancing the genetic potential of our birds and safeguarding the security of supply to global markets, which will profit our valued customers all around the world.”
The two companies will continue to operate and support their customers independently, with no disruption to their customary products and services, they said.