Cobb-Vantress and Hendrix Genetics are forming an alliance that the companies say will strengthen each individual company's position in the marketplace as well as allow further exploration of joint venture opportunities. The alliance includes a broiler joint venture in which Cobb-Vantress acquired Hybro in exchange for preferred stock, a Joint Development Agreement (JDA) involving their respective Research & Development into livestock genetics, and the beginning of an investigation as to a possible Joint Venture in which part or all activities may be combined in the future. The Hybro organization, genetic lines and facilities have become a part of Cobb. While Hybro will not operate as a stand alone division, Hybro products will be offered as part of Cobb's portfolio. Current Cobb and Hybro customers can expect business to continue as usual.