The board of directors for Select Sires Inc. announced reaching a unanimous decision with Accelerated Genetics to unify the two genetics cooperatives.
Under the planned agreement, Select Sires will acquire the assets of Accelerated Genetics, joining forces of employees and independent sales representatives in each of their geographical member organizations. This decision coincides with an already collaborative business relationship that began in 2001 whereby each cooperative shares ownership of World Wide Sires Ltd., which serves as the international marketing arm for both companies in Europe, Africa, Asia, the Middle East and Oceania.
Accelerated Genetics and Select Sires are built upon the same cooperative business principles and share similar operating structures. Each organization stems from a root of innovative breeders who had a common vision to move the dairy and beef industries forward. Both cultures value the input of their member-owners and recognize the importance of their guidance in driving the need to produce superior genetics and outstanding reproductive programs, according to the announcement.
On June 22, delegates of Accelerated Genetics will meet to cast their final vote on the direction of the cooperative, with a goal of creating a unified cooperative that is second to none in the marketplace dedicated to the producer.
This impending endeavor will create a well-rounded genetics program and solution-based animal health care product line that will fit the needs of dairy and beef producers worldwide, the announcement said. Producers can expect to continue working with qualified individuals who know and understand the cattle breeding industry.
Select Sires, based in Plain City, Ohio, is North America’s largest artificial insemination organization and is comprised of nine farmer-owned and farmer-controlled cooperatives. It provides highly fertile semen as well as excellence in service and programs to achieve its basic objective of supplying dairy and beef producers with North America’s best genetics at a reasonable price.
Accelerated Genetics is a farmer-owned cooperative offering beef and dairy genetics, a variety of animal health products and solution-based services tailored to meet each herd’s individual needs. Led by a 10-member board of directors, Accelerated Genetics’ members operate dairy and/or beef farms located throughout Wisconsin, Minnesota, Iowa and Illinois.