Thursday 12 July 2012
Egg producer sold
Hy-Line International, the global egg layer breeding company, has reached an agreement to purchase its Italian distributor, Valversa.
The company will be renamed Hy-Line Italia and will benefit from the support of the Costa family during the entire transition period.
Hy-Line Italia looks forward to the continuation of the close partnership with their Italian customers.
The agreement will see Hy-Line Italia assume the management of existing parent farms and the hatchery in Cocconato, as well as retaining the services of all current employees, ensuring continuity of customer service.
Hy-Line Italia will be led by Claudio Ambrogio, who was for five years responsible for the Valversa production department and has a profound know-how in the laying hen sector.
Claudio Ambrogio will also maintain his position as general manager of Aviagen Italia.
The longstanding relationship between Valversa and Hy-Line has proved to be very successful, with Hy-Line products performing extremely well across the territory and firmly established as the market leader.
Valversa has an unparalleled reputation for the supply of high quality layer chicks and customer service.
Jonathan Cade, Hy-Line's managing director, European operations, commented: "The Italian market is very important for Hy-Line and this acquisition will take us closer to the local poultry industry.
I am very happy that Valversa becomes part of the Hy-Line family."
Source: Argentine Beef Packers S.A.
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