Select Sires has reached an agreement to purchase GenerVations Inc. - artificial insemination organization- and its bull housing and production facility, Sire Lodge Inc. This procurement will expand Select Sires' genetic offering by adding a world−class product line as well as growing its international semen production and processing facilities.
"We feel this acquisition provides our member organizations and customers access to a globally qualified, high-ranking sire lineup and gives us more production capacity to meet our growing demand for high-quality semen," said David Thorbahn, president and chief executive officer of Select Sires Inc.
These elite genetics will be available in the U.S. from Select Sires sales representative and in Canada from Select Sires GenerVations, a combination of Select Sires Canada and GenerVations Inc. current sales representatives. Around the world semen can be purchased through Select Sires distributors in Latin America, World Wide Sires and current international GenerVations Inc. distributors.
"We are very excited about the growth opportunities for the GenerVations product lines through Select Sires' large distribution networks in both North America and internationally," said Dave Eastman, chief executive officer of GenerVations Inc. "Both organizations share a very similar sire selection philosophy which was a key factor in the decision to move forward."