April 6, 2022

By Lynda Kiernan-Stone, Global AgInvesting Media

In December 2021, Paine Schwartz Food Chain Fund V (Fund V), together with its affiliate investors Mitsui and Rabo Investments, agreed to acquire a 50 percent stake in Hendrix Genetics, giving NPM Capital, which had been an investor in Hendrix since 2015, an exit opportunity. 

Hendrix Genetics has now announced the completion of the transaction, opening the door for the company to continue to invest across its breeding programs, enhance its technology and data capabilities, grow its global customer base, and expand into new global markets.

Founded in 2005 in Boxmeer, The Netherlands, Hendrix Genetics is a multi-species animal genetics tech company with breeding programs for turkeys, laying hens, traditional poultry, swine, salmon, trout, and shrimp.

With operations in more than 25 countries, the company offers the animal protein value chain innovative and sustainable generic solutions through its global portfolio of 15 leading brands including Hybrid, ISA, Dekalb, Bovans, Shaver, Babcock, Hisex, SASSO, Hypor, Kona Bay, Troutlodge, and Landcatch, among others.

“With the completion of this investment, we are beginning Hendrix Genetics’ next phase of growth and success,” said Thijs Hendrix, co-founder and chairman of the Supervisory Board, Hendrix Genetics.

“We are pleased to officially welcome the teams from Paine Schwartz, Mitsui & Co., Rabo Investments and our other new partners, and look forward to benefiting from their expertise and support,” continued Hendrix. “Together, we will build on our strong foundation and provide our genetics and breeding solutions to customers across the global food chain.”

Paine Schwartz also brings experience in upstream segments of genetics and animal health and nutrition, having prior or existing partnerships with companies such as SNFL, Advanta, Seminis, Verisem, and Axiota Animal Health.

“With its best-in-class data and technology-enabled breeding programs, we believe that Hendrix Genetics is poised to capture significant opportunities ahead,” commented Kevin Schwartz, CEO, Paine Schwartz.

“Hendrix Genetics directly aligns with our focus on investing in companies across the food chain with sustainability at their core,” Schwartz continued. “We look forward to collaborating with our co-investors and supporting the Hendrix Genetics team as they grow the business and continue to set the standard for sustainable animal breeding.”

Moving forward, the remaining 50 percent stake in the company will be held by company co-founder Thijs Hendrix and Antoon van den Berg.

“This is an exciting and important time for Hendrix Genetics,” concluded Jolanda van Haarlem, CEO, Hendrix Genetics. “With our new investors now on board, we are well prepared to accelerate our evolution, enhance our industry-leading capabilities and become an even better partner to our valued customers. We intend to move full speed ahead as we work to meet the global food challenge head-on with technology and innovative solutions for the animal protein sector delivered to more markets around the globe.”

~ Lynda Kiernan-Stone is editor with GAI Media, and is managing editor and daily contributor for Global AgInvesting’s AgInvesting Weekly News and  Agtech Intel News, as well as HighQuest Group’s Unconventional Ag. She can be reached at lkiernan-stone@globalaginvesting.com.

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