CRV sells 50% share of ST Brazil
Herd management organization CRV has sold its 50% share in the joint venture ST Brazil to Sexing Technologies, which now owns 100% of the shares.
CRV will continue to offer high-quality sexed semen in the Brazilian market from both Brazilian bulls as well as from European and American bulls.
CRV offers sexed semen from a wide range of bulls to the Brazilian market. This sexed semen comes from both locally bred bulls and European and American bulls.
Whereas ST Brazil is focusing on the production of sexed semen from local bulls in Brazil, CRV expects the demand for European and American sexed semen in particular to increase over the next few years. On the basis of this expectation CRV has chosen to sell its shares in ST Brazil to Sexing Technologies.
CEO Roald van Noort from CRV: “We have been very pleased with the joint venture with Sexing Technologies, but we want to focus more on investing in breeding (genomics) and management solutions in the Brazilian market.”
The sale of CRV’s shares in ST Brazil will have no consequences for Brazilian CRV customers as CRV will continue to offer sexed semen from local bulls, sexed in the (now) 100%-ST-owned Brazilian production facilities.