FOR IMMEDIATE RELEASE
ABS AUSTRALIA ANNOUNCES PURCHASE OF CONSOLIDATED HERD IMPROVEMENT SERVICESAlbury, NSW - July 15, 2005 -ABS Australia has today announced the acquisition of Consolidated Herd Improvement Services (CHIS) based in Kyabram, VIC. "The purchase of CHIS represents a significant milestone in the continued development of our domestic strategy" stated Stephen Fried, General Manager of ABS Australia. "Ownership at the retail level allows us to work one step closer with the end users in this great industry and provide a broader range of products and services to benefit farmer profitability. Additionally this acquisition provides an opportunity to become more deeply involved in the development of a more robust, value added herd recording service." All staff and services will be maintained through this acquisition and the expectation is that under this new ownership structure new opportunities will be available to employees and customers alike. "We are extremely pleased to be able to join forces with one of the most progressive and forward looking players in the Australian industry. This is an excellent opportunity to secure the provision of herd improvement throughout the Northern Victorian regions" commented Shane McCarrey, Chief Executive Officer of CHIS. "After extensive discussions with a number of industry groups, we are confident the teaming of CHIS with ABS Australia will deliver the strongest possible outcome for our farmers." "The CHIS Board of Directors strongly believes the acquisition of the herd improvement business by ABS Australia will give our customers the products and services they will demand as they move into the future" added Linton McKenzie, Chairman of the CHIS Board of Directors. "Dairy farmers should be excited to have a business with the size and strength of ABS Australia committed to growing and strengthening the service they already receive from CHIS" Based in Albury, NSW, ABS Australia is a subsidiary of Genus plc, the largest supplier of bovine genetics and related reproductive products in the world. For further information please contact Stephen Fried on 02 6026 2226, or sfried@absglobal.com
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