Newsham Genetics, LC announced on November 14th that it has finalized its acquisition of Monsanto Choice Genetics, Inc.
The purchase will further strengthen Newsham’s expanding base of business, according to Newsham Genetics Co-CEO Mark Weaver, DVM. "We are excited for the opportunities in research, genomics, and products that the combined power of these two businesses presents to the swine industry. Additionally, we are changing the name of our company to Newsham Choice Genetics to better exemplify our offerings," says Weaver.
Newsham Genetics placed high value on the significant investment made by MCG over the past 10 years in their genomics platform. According to Weaver, "Monsanto developed the most extensive swine genomic map in the industry, with over 6,000 genomic marker associations for swine performance. This technology will allow Newsham to accelerate genetic progress across many different traits for the industry."
As part of the agreement, a three-year research alliance has been established between the two companies. The alliance will focus on technology and the genomics platform to maximize the value created in the industry from these tools.
Source:
Newsham Genetics