In a company announcement, EW Group GmbH and Specialised Breeders Australia (SBA), a Hy-Line distributor for more than 25 years, announced they have reached an agreement for EW Group to acquire a controlling stake in SBA. EW Group is a holding company for the world’s leading poultry genetics companies, including Hy-Line International. SBA is the leading supplier of day-old-chicks and point of lay pullets to Australian egg producers.
Steve Garland, SBA’s Chief Financial Officer, explained, “SBA have been the Australian distribution partners for EW Group subsidiary Hy-Line International for many years, so this acquisition is a strong strategic fit for both organisations. 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. 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, 2019, and the terms of the sale will remain private.