COOPERATIVE Resources International (CRI) has finalized the purchase of the primary assets of MofA, formerly known as Minitube of America.
MofA is a leader in the development, manufacturing and marketing of artificial insemination and embryo transfer products and technologies for the porcine, bovine, equine and canine industries. The company now stands as the third subsidiary of CRI, alongside AgSource Cooperative Services and Genex Cooperative Inc.
Since establishing the International Center for Biotechnology in Mt. Horeb, Wis., in 2004, MofA has conducted cutting-edge research spanning several animal species and specifically has focused on advanced reproductive technologies, molecular and cell biology and DNA and genomics research.
"The purchase of MofA is the largest single step CRI has taken to further increase our influence in production agriculture," CRI chief executive officer Doug Wilson said. "The subsequent expansion of CRI core business areas continues to set this organization apart from the rest of the industry."
With the addition of MofA, CRI adds to its distinctiveness and creates new business relationships, particularly within the porcine industry but in other species as well.
"Furthermore, MofA's International Center for Biotechnology provides CRI with a direct research connection and fast-forwards our dedication to advancing internal research through business development," Wilson said.
MofA was established in 1986 by Ludwig and Becky Simmet. Within the CRI structure, Ludwig Simmet will continue to lead MofA as the new subsidiary's chief operating officer.
"The addition of MofA to the CRI family is a significant diversification step for this cooperative," Wilson noted. "Along with new business fronts, technology potentials make CRI an enticing employer for young professionals looking to join the agriculture industry."