Alliance moves to deepen cooperative culture as Silver Fern sells stake

Thu, 07 Jan 2016

By Tina Morrison Jan. 7 (BusinessDesk) - Alliance Group, New Zealand's second-largest meat processor, plans to entrench its cooperative status, encouraging farmers to 'share up' at a time larger rival Silver Fern Farms is watering down its cooperative by tapping a Chinese investor for capital to repay debt, upgrade plants and invest for growth. Farmer groups failed last year to force a mega-merger on the country's two large South Island-based meat cooperatives. Both changed chief executives last financial year and Dunedin-based Silver F...

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