Hendrix expanding into aquaculture breeding
Hendrix and Lithgows have signed a Letter of Intent for the acquisition. “We are excited to be able to enter this significant and growing sector,” said Hendrix President Thijs Hendrix. ”Aquaculture is a sustainable and valuable protein source all over the world and we are confident we can bring new and innovative ideas to a company with a long and successful track record in aquaculture. Aquaculture breeding is a natural extension to our existing portfolio.” The acquisition is expected to be complete in the first half of 2011.