AI companies make merger official effective July 1
PLAIN CITY, OH - Accelerated Genetics and Select Sires Inc. announced they will be joining forces as a unified cooperative effective July 1, 2017.
At a special delegate meeting held June 22, 2017, Accelerated Genetics delegates voted in favor of uniting Select Sires Inc. and Accelerated Genetics, formally finalizing the agreement recommended by both cooperative’s boards of directors.
“Accelerated Genetics has been searching for a partner who could enhance the business and move it forward,” stated Scott Dahlk, Accelerated Genetics Board Chair. He continued by adding, “Joining forces with Select Sires is a positive move for both member-owners and producers worldwide.”
The official agreement states Select Sires will acquire all Accelerated Genetics assets, integrating employees and independent sales representatives in each of their geographic member organizations. The decision to merge coincides with an already collaborative business relationship between the two cooperatives that began in 2001, where each company shares ownership of World Wide Sires, Ltd. World Wide Sires serves as the international marketing arm for both companies in Europe, Africa, Asia, the Middle East and Oceania.
“By working together we will be stronger,” says David Thorbahn, Select Sires Inc., President and Chief Executive Officer. “The value and expertise gained by joining the people from both organizations allows us to offer our customers a broader genetics program in addition to an outstanding animal health product line. It’s very exciting to work together (with the Accelerated Genetics team), enabling our organization the ability to expand genetic research, technical support, service and programs with people who are passionate about the dairy and beef industries.”
Accelerated Genetics and Select Sires Inc., 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.