Staff take-over at genetics firm

EMPLOYEES OF Dutch cattle genetics specialist Avoncroft Sires have staged a staff buy-out of the company.

This follows the decision of Continental parent company CR Delta VRV to stop marketing semen from Holland Genetics bulls in the UK.

The pull-out was blamed on difficult trading conditions.

But Avoncroft‘s David Matthews said the new business, which will be called Avoncroft Genetics, would increase profitability by reducing overheads.