Genus plc (LSE: GNS) is pleased to announce that PIC has entered into definitive agreements with Olymel LP, a leader in the Canadian agrifood industry, for provision of genetic products and services in connection with the Olymel\u2019s AlphaGene porcine genetic improvement program.<\/p>\n\n\n\n
Olymel is the largest porcine producer in Canada with capacity for over 185,000 pigs per week and under the transaction, PIC has acquired all intellectual property in Olymel\u2019s elite porcine genetics for a consideration of Candian $25 million. The parties have also entered into an exclusive long term genetics collaboration agreement, where PIC will supply elite germplasm and manage the ongoing genetic improvement of Olymel\u2019s AlphaGene genetics. Other commercial terms of the transaction are confidential.<\/p>\n\n\n\n
PIC will use its proprietary genetics, technologies and services to accelerate genetic gain consistent with Olymel\u2019s strategic genetic goals. Olymel will continue to distribute the AlphaGene genetics through its internal multiplication program and to its independent producer herds in Canada.<\/p>\n\n\n\n
The collaboration combines PIC\u2019s expertise in porcine genetic improvement with Olymel\u2019s leading porcine production facilities, enabling Olymel\u2019s customers to benefit from improved AlphaGene health, efficiency and breakthrough technologies. <\/p>\n\n\n\n
The collaboration with Olymel increases PIC\u2019s footprint in the Canadian porcine genetics market and will better allow both parties to serve pork producers across Canada. <\/p>\n\n\n\n
Bill Christianson, COO of PIC, said: \u201cWe are excited to be working with Olymel, the leading Canadian pig producer, with a focus on differentiated product quality. The complementary nature of PIC\u2019s leading genetics, and Olymel\u2019s significant production facilities will benefit customers of AlphaGene genetics throughout the porcine production pyramid<\/em>.\u201d<\/p>\n\n\n\n Paul Beauchamp First Vice-president, Olymel LP added: \u201cPIC is a world leader in porcine genetic improvement, demonstrating the improved value, health and efficiency of animals from their genetics programs year after year. With this collaboration we intend to accelerate performance of our AlphaGene genetics, providing increased value for all of our customers.\u201d<\/em><\/em><\/p>\n\n\n\n About Genus<\/strong><\/strong><\/p>\n\n\n\n Genus advances animal breeding and genetic improvement by applying biotechnology and sells added value products for livestock farming and food producers. Its technology is applicable across livestock species and is currently commercialised by Genus in the dairy, beef and pork food production sectors.<\/p>\n\n\n\n Genus’s worldwide sales are made in over 80 countries under the trademarks ‘ABS’ (dairy and beef cattle) and ‘PIC’ (pigs) and comprise semen, embryos and breeding animals with superior genetics to those animals currently in farms. Genus’s customers’ animals produce offspring with greater production efficiency and quality, and our customers use them to supply the global dairy and meat supply chains.<\/p>\n\n\n\n Genus\u2019s competitive edge comes from the ownership and control of proprietary lines of breeding animals, the biotechnology used to improve them and its global supply chain, technical service and sales and distribution network.<\/p>\n\n\n\n Headquartered in Basingstoke, United Kingdom, Genus companies operate in over 24 countries on six continents, with research laboratories located in Madison, Wisconsin, USA.<\/p>\n\n\n\n About Olymel<\/strong><\/p>\n\n\n\n Olymel is Canada\u2019s leader in the production, processing and distribution of pork and poultry meats. The company has made feeding the world its mission, which it pursues passionately with products of impeccable quality. It employs over 14,000 people and has production and processing facilities in Quebec, Ontario, Alberta, Saskatchewan and New Brunswick. Olymel exports nearly a third of its total sales. Its annual sales reach $4.5 billion. The company markets its products mainly under the Olymel, Lafleur, Flamingo, La Fernandi\u00e8re, Pinty\u2019s, Tour Eiffel and F. M\u00e9nard brands.<\/p>\n","protected":false},"excerpt":{"rendered":" Genus plc (LSE: GNS) is pleased to announce that PIC has entered into definitive agreements with Olymel LP, a leader…<\/p>\n","protected":false},"author":431,"featured_media":5157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[2],"tags":[139,138,140],"abs_type":[],"pro_group":[],"resource-category":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"\n