Hendrix Genetics, a leading, multi-species, animal genetics company, and NPM Capital, a subsidiary of family-owned, SHV Holdings, have completed an agreement that will advance the animal breeding sector. Through the issue of new shares, NPM has become a 25% minority shareholder in Hendrix Genetics, alongside existing shareholders. The Hendrix Family remains the majority and controlling shareholder.
Hendrix Genetics will continue to conduct its business under its current corporate governance and with its existing management team, strategy and structure. Its Vision 2020 plan, created last year, identified many opportunities to invest in R&D, capacity expansion and acquisitions to continue the company’s impressive growth of the last decade. The equity of NPM/SHV will enable Hendrix Genetics to accelerate the execution of its ambitious plan.