Genus plc explained

Genus plc
Type:Public
Foundation:1933
Location:Basingstoke, Hampshire, UK
Key People:Iain Ferguson, Chairman[1]
Jorgen Kokke, CEO
Industry:Biotechnology
Revenue: £689.7 million (2023)[2]
Operating Income: £40.5 million (2023)
Net Income: £31.8 million (2023)

Genus plc is a British-based business selling elite genetics and other products manufactured using biotechnology to cattle and pig farmers. It is headquartered in Basingstoke and is a constituent of the FTSE 250 Index.

History

The business has its origins in the former Breeding & Production Division of the Milk Marketing Board which was established in 1933 and broken up in 1994.[3] In 1999 Genus acquired ABS Global, a company founded by J.R. Prentice in the US as the American Breeders Service in 1941 selling the semen of cattle.[4] In 2005 Genus acquired, through the takeover of Sygen International plc, PIC, a company founded by six pork producers in the UK as the Pig Improvement Company in 1962.[5]

Operations

The company has three divisions:[6]

PIC's pedigree herds sire an estimated 30% of commercially reared pigs.[7]

External links

Notes and References

  1. Web site: About Us - Our Team. Genus plc. 2 August 2023.
  2. Web site: Annual Report 2023. Genus plc. 12 February 2024.
  3. http://www.bseinquiry.gov.uk/report/volume12/chapte32.htm The BSE Inquiry
  4. Web site: Genus agrees to acquire ABS Global. Milwaukee Business Journal. 3 August 1999. 1 March 2020.
  5. Web site: Genus Completes Acquisition Of Sygen. The Pig Site. 28 March 2015. https://web.archive.org/web/20120209234541/http://www.thepigsite.com/swinenews/10541/genus-completes-acquisition-of-sygen. 9 February 2012. dead.
  6. Web site: Genus. Market Watch. 25 March 2018.
  7. Web site: Devlin . Hannah . Scientists genetically engineer pigs immune to costly disease . The Guardian . 20 June 2018 . 11 December 2021.