Topigs Norsvin CEO Martin Bijl elaborates on the details behind Norsvin’s merger with TOPIGS International at World Pork Expo on June 4.
Topigs Norsvin CEO Martin Bijl elaborates on the details behind Norsvin’s merger with TOPIGS International at World Pork Expo on June 4.

DES MOINES, Iowa – TOPIGS International and Norsvin announced Wednesday at the 2014 World Pork Expo a merger, bringing the two companies together to form Topigs Norsvin.

The merger creates a "world-leading swine breeding company" with annual revenues exceeding $179 million.

In a news conference, Topigs Norsvin CEO Martin Bijl called TOPIGS and Norsvin “a perfect match” and explained the companies have a strong research and development presence, a complementary geographic presence and joined together, will have a high-end combined product portfolio.

In addition, both companies are farmer-owned, sharing an ownership vision.

“This isn’t about cost-cutting,” he said. “This is about adding more value to our customers. I think that makes this merger unique.”

Research, innovation and dissemination of genetic improvement will be the cornerstones of the new company.

The companies have cooperated successfully on R&D projects for many years and are now fully aligning their R&D activities to accelerate genetic progress and develop new products. The combined R&D budget is about $25 million, or 14 percent of revenues.

Click here to learn more about the merger.