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COOPERATIVE RESOURCES INT'L, FOUNDATION ANNOUNCE AGREEMENT
Source: Cooperative Resources International

Foundation Genetics and Cooperative Resources International (CRI) have entered into a service agreement to have Foundation Genetics house and provide semen collection services for a number of bulls owned by Genex Cooperative, Inc., a subsidiary of CRI.

"Marketing cattle genetics worldwide is an integral part of business for Genex and CRI. Transferring a set of dairy and beef sires to a Canadian custom collection facility is in concert with the Genex board's strategic plan to mitigate potential risks associated with the international marketplace," states Peter Giacomini, CRI Vice President of Business Development.

"In this instance, producing Genex genetics in Canada provides international marketing opportunities should U.S. semen exports be interrupted."

Giacomini goes on to say, "Foundation Genetics is qualified to ship semen worldwide, possesses a state of the art facility and upholds industry-leading standards for bull care, collection, semen quality and handling."

Douglas Dann, Foundation Genetics Manager, and the company owners state, "Foundation Genetics is pleased to be working with a global A.I. organization such as CRI and facilitating their first major step in non-U.S. production at our Listowel, Ontario facility."

CRI and Foundation Genetics will continue to operate independent of one another in their genetic and marketing programs; this agreement does not include joint distribution or sales.


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