Cooperative Resources International (CRI) has finalized the purchase of the primary assets of MofA, formerly known as Minitube of America.
MofA is one of the world’s leaders in the development, manufacturing and marketing of artificial insemination and embryo transfer products, and technologies for the porcine, bovine, equine and canine industries.
The company becomes the third subsidiary of CRI, alongside AgSource Cooperative Services and Genex Cooperative Inc.
“The purchase of MofA is the largest single step CRI has taken to further increase our influence in production agriculture,” said Doug Wilson, CRI CEO. “The subsequent expansion of CRI core business areas continues to set this organization apart from the rest of the industry.”
Back in 1993, CRI became the nation’s first direct link between a dairy herd improvement organization and a provider of bovine artificial insemination service, organizations now known as AgSource and Genex. With the addition of MofA, CRI adds new business relationships particularly within the porcine industry, as well as those specialized in reproduction in other species.
“Furthermore, MofA’s International Center for Biotechnology provides CRI with a direct research connection and fast forwards our dedication to advancing internal research through business development,” Wilson said.
Since establishing the International Center for Biotechnology in Mount Horeb in 2004, MofA has conducted cutting-edge research spanning several animal species and specifically focused on advanced reproductive technologies, molecular and cell biology, and DNA and genomics research.
MofA was established in 1986 by Ludwig and Becky Simmet. Ludwig Simmet will continue to lead MofA as the new CRI subsidiary’s chief operating officer.
“The addition of MofA to the CRI family is a significant diversification step for this cooperative,” Wilson said. “Along with new business fronts, technology potentials make CRI an enticing employer for young professionals looking to join the agriculture industry.”
Categories
