Paine Schwartz makes strategic investment in Hendrix Genetics
Hendrix Genetics’ co-founders will maintain a 50% ownership position in the company and work in partnership with Paine Schwartz to drive the business forward.
Paine Schwartz Partners, a global leader in sustainable food chain investing, acquired 50% of Hendrix Genetics. Hendrix Genetics’ co-founders, Thijs Hendrix and Antoon van den Berg, will 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. The company has breeding programs in turkeys, laying hens, traditional poultry, swine, salmon, trout and shrimp. The company serves customers around the world with its portfolio of 15 leading brands, including Kona Bay and Troutlodge, and has more than 3,500 employees and operations in more than 25 countries. Hendrix Genetics’ management team led by CEO Jolanda van Haarlem will continue operating the business with support from both the co-founder, president & chairman of the Supervisory Board, Thijs Hendrix, and co-founder and Supervisory Board member, Antoon van den Berg.
“We are excited to partner with the Paine Schwartz team to build on our strong foundation and further grow by continuing to develop innovative solutions for the animal protein sector that meet the challenges of food production,” said Thijs Hendrix. “Following NPM Capital’s investment in 2015, this new investment from Paine Schwartz will help us to further accelerate growth through expansion into new markets and sustain our leadership in technology and R&D. This will result in driving the rapid improvement of genetics and breeding along with fundamental gains in genetic improvement for our customers. In Paine Schwartz, we are also gaining a partner that brings expertise in genetics and animal health and a shared commitment to addressing the needs for sustainable food chain solutions. We look forward to working closely with their team as we partner with other leading animal genetics and breeding companies, grow our business and provide the high-quality animal genetics upon which our customers and partners across the food chain rely.”
This strategic investment builds on Paine Schwartz’s longstanding track record of partnering with family or founder-owned companies, as well as investing in the upstream sustainable food chain segments of genetics and animal health and nutrition, which includes companies such as SNFL, Advanta, Seminis, Verisem and Axiota Animal Health.