Genus plc

Last updated

Genus plc
Company type Public
ISIN GB0002074580  OOjs UI icon edit-ltr-progressive.svg
Industry Biotechnology
Founded1933
Headquarters Basingstoke, Hampshire, UK
Key people
Iain Ferguson, Chairman [1]
Jorgen Kokke, CEO [1]
RevenueIncrease2.svg £689.7 million (2023) [2]
Decrease2.svg £40.5 million (2023) [2]
Decrease2.svg £31.8 million (2023) [2]
Website www.genusplc.com

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.

Contents

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]

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References

  1. 1 2 "About Us - Our Team". Genus plc. Retrieved 2 August 2023.
  2. 1 2 3 "Annual Report 2023" (PDF). Genus plc. Retrieved 12 February 2024.
  3. The BSE Inquiry Archived 2008-10-10 at the Wayback Machine
  4. "Genus agrees to acquire ABS Global". Milwaukee Business Journal. 3 August 1999. Retrieved 1 March 2020.
  5. "Genus Completes Acquisition Of Sygen". The Pig Site. Archived from the original on 9 February 2012. Retrieved 28 March 2015.
  6. "Genus". Market Watch. Retrieved 25 March 2018.
  7. Devlin, Hannah (20 June 2018). "Scientists genetically engineer pigs immune to costly disease". The Guardian. Retrieved 11 December 2021.