Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) has agreed to participate as an affiliated co-investment partner in a fund formed by Paine Schwartz Partners ("PSP"), a private equity fund and global leader in sustainable food chain investing. Related agreements were concluded on November 19. The fund will invest in Hendrix Genetics, B.V. ("Hendrix", Head Office: Boxmeer, the Netherlands), a leading multi-species animal genetics and technology company, through the establishment of a special purpose company that will hold 50% of the company's shares. Hendrix Genetics' Co-Founders, Thijs Hendrix and Antoon van den Berg, will also maintain a 50% ownership position in the company and work in partnership with Paine Schwartz to drive the business forward.
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. Hendrix has breeding programs in turkeys, laying hens, traditional poultry, swine, salmon, trout and shrimp. Hendrix serves customers around the world with its portfolio of 15 leading brands, including Hybrid, ISA, Dekalb, Bovans, Shaver, Babcock, Hisex, SASSO, Hypor, Kona Bay, Troutlodge and Landcatch, more than 3,500 employees and operations in more than 25 countries.
One of the materiality identified by Mitsui is a "secure sustainable supply of essential products." Mitsui is working to develop innovative solutions for the animal protein sector that meet the challenges of food production and address growing global demand for protein due to population growth. At the same time, Mitsui is contributing on an industrial level to the enhanced sustainability of the livestock and aquaculture industries, including the reduction of environmental impacts, through its engagement in related industries, such as livestock, aquaculture, feed additives, and veterinary pharmaceuticals. With this investment in Hendrix, Mitsui will contribute to the further advancement of the livestock and aquaculture industries by enabling Hendrix to invest progressively in its breeding programs with a continued focus on technology and data, growing its global customer base, and expanding its market share to lead forward in setting the standard for sustainable animal breeding.
Profile of Hendrix Genetics B.V.
Profile of Paine Schwartz Partners
|Name||Paine Schwartz Partners|
|Offices||San Mateo (CA), New York (NY)|
|Business activities||PE fund specializing in food chain investing|
Mitsui & Co. Ltd. published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 00:19:06 UTC.