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Hy-Line holding company acquires stake in distributor SBA

Transaction will "foster even greater cooperation" between SBA's technical team in Australia and international breed suppliers.

EW Group GmbH, a holding company for the world’s leading poultry genetics companies, including Hy-Line International, and Specialised Breeders Australia (SBA), a Hy-Line distributor for more than 25 years, have reached an agreement for EW Group to acquire a controlling stake in SBA. SBA is the leading supplier of day-old chicks and point-of-lay pullets to Australian egg producers.

Noting that SBA has been the Australian distribution partner for Hy-Line for many years, SBA chief financial officer Steve Garland said “this acquisition is a strong strategic fit for both organizations. The investment by EW Group will foster even greater cooperation between our local technical team and international breed suppliers, ensuring Australian egg producers receive the most up-to-date technical advice from abroad combined with our expertise in Australian conditions.”

Albert Cordts, managing director of EW Group`s international layer distribution activities, added, “We are excited about SBA becoming part of EW Group, as it is an exceptional operation with a reputation for providing high-quality livestock and advice in the Australian market.”

He continued, “We are convinced that the participation of our group in SBA will lead to an even closer collaboration with our primary breeding companies, to the benefit of the Australian egg producers.”

The transaction was completed at the end of October. The terms of the sale will remain private.

TAGS: Business
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