LIC takes majority stake in Brazilian JV partner

Wed, 17 Dec 2014

By Suze Metherell Dec. 18 (BusinessDesk) - Livestock Improvement Corp, which provides testing and artificial breeding services to the dairy industry, has purchased a majority interest in its Brazilian genetics distributor, NZ Brasil Genetics Producao Animal for an undisclosed sum. The joint venture, LIC NZBrasil, includes the exclusive supply of the farmer-owned cooperative's dairy genetics for a 10-year period, and supports LIC's goal to generate $1 billion in revenue by 2025, the Hamilton-based company said in a statement. The company i...

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