NZ Merino takes full ownership of joint venture with Silver Fern Farms

Wed, 21 Sep 2016

By Edwin Mitson Sept. 21 (BusinessDesk) - New Zealand Merino Co is to take full control of its brand of merino meat, which was previously owned fifty-fifty in a joint venture with Silver Fern Farms. The partnership started five years ago, creating the Silere alpine origin merino brand through a business called Alpine Origin Merino Limited. In its annual results published today, NZ Merino said the business had sharpened its in-market focus the past year, following a challenging 18 months. It booked a $60,000 share of profit from the v...

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