Breeding & Genetics Contract Win

RNS Number : 8661D

Benchmark Holdings PLC

12 July 2016

 

RNS Reach

Benchmark Holdings plc
("Benchmark" or the "Company")

Contract win for Breeding & Genetics division

Benchmark Holdings announces that a subsidiary of its Breeding & Genetics division SalmoBreed AS ("SalmoBreed") has signed a ten-year agreement with Lerøy Aakvik Roe and Stamfisk AS ("Lerøy") - one of the world's top three salmon producers - for the supply of the SalmoBreed genetic stem into its production sites. The agreement will see the Lerøy team start breeding with SalmoBreed's genetic lines, producing SalmoBreed strain ova for sale to companies within the Lerøy Group.

The agreement will not make a material financial contribution to Benchmark in the short term, however the Directors believe that it is of strategic importance to Benchmark's position in the market. This contract represents an endorsement of SalmoBreed's ability to produce world-class salmon strains, and is an encouraging collaboration with one of the largest producers in the industry.

Benchmark's CEO, Malcolm Pye, commented:

"We are very pleased to have reached this agreement with such a prominent player in the space, which is testament to the great work being done at SalmoBreed and in our Breeding & Genetics division as a whole. The opportunity to collaborate with Lerøy and have SalmoBreed's genetic lines distributed to its Group establishes SalmoBreed's position as an industry leader."   

-ENDS-

Benchmark Holdings plc	Tel: [phone]
Malcolm Pye, CEO
Roland Bonney, COO
Rachel Aninakwah, Communications	Tel: [phone]
Numis	Tel: [phone]
Michael Meade/Freddie Barnfield (NOMAD) James Black / Tom Ballard (Corporate Broking)
Tavistock	Tel: [phone]
Matt Ridsdale/Niall Walsh

 

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